Well-positioned: A Singapore Airlines plane on the tarmac of the Changi International Airport. The airline is not considering a privatisation exercise.— AFP
SINGAPORE: Singapore Airlines Ltd said the S$6.2bil (US$4.7bil or RM19.36bil) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement yesterday.
The nation’s flagship carrier was responding to questions from the Securities Investors Association (Singapore) last month about whether it has considered privatisation. Singapore Airlines said that privatisation wasn’t a matter for it to consider because it is a shareholder action.
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