Singapore Airlines has secured $10 billion in fresh liquidity through its recent rights issue as well as through other credit facilities, as the airline industry navigates an unprecedented crisis caused by the coronavirus pandemic. For the period up to July 2021, SIA also has the option to raise up to a further S$6.2 billion in additional mandatory convertible bonds. - The Straits Times/ANN
SINGAPORE (The Straits Times/ANN): Singapore Airlines has secured S$10 billion in fresh liquidity through its recent rights issue as well as through other credit facilities, as the airline industry navigates an unprecedented crisis caused by the Covid-19 (coronavirus) pandemic.
A total of $8.8 billion was raised through the rights issue last Friday (June 5), and a further $900 million was secured through long-term loans secured on some of Singapore Airlines' Airbus A350-900 and Boeing 787-10 aircraft, the national carrier said in a statement on Monday.
Limited time offer:
Just RM5 per month.
