Banks, property could be losers from S’pore budget

Banks, property stocks could be losers from Singapore’s budget

SINGAPORE: Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largess.

Singapore Airlines posts S$142mil Q3 loss as passenger numbers plunge 98%

SIA raises US$500mil in debut USD bond

HONG KONG: Singapore Airlines (SIA) has raised US$500mil in its first US dollar bond issue, which the company will use to buy new aircraft as the global aviation industry prepares for a post-pandemic travel rebound.

IATA renews call on flexible policies for air travel

KUALA LUMPUR: The International Air Transport Association (IATA) has renewed the industry’s call on governments to deploy more flexible policies to safely reopen borders using testing rather than to rely on quarantine measures

Singapore Airlines to launch US dollar debt

SINGAPORE: Singapore Airlines launched its first US dollar bond yesterday to help fund the purchase of new aircraft, according to a term sheet seen by Reuters.

IATA reiterates call on flexible policies from governments on air travel

KUALA LUMPUR: The International Air Transport Association (IATA) has renewed the industry’s call on governments to deploy more flexible policies to safely reopen borders using testing rather than to rely on quarantine measures

SIA readies first US dollar bond term sheet

HONG KONG: A term sheet for Singapore Airlines’ (SIA) first US dollar bond has been circulated by bookrunners for the potential issue, and calls were being held with prospective investors yesterday, according to the document seen by Reuters.

Can AAX be resurrected?

AIRASIA X Bhd (AAX), Malaysia’s long-haul low-cost carrier, is perhaps, seen as the first victim of the Covid-19 pandemic when it called upon a restructuring scheme to resurrect the airline back to life after being hard hit by lockdowns and consumer demand that just evaporated overnight.

India receives multiple initial bids for state-run carrier Air India

NEW DELHI: The Indian government said on Twitter it has received multiple bids for its stake in state-run carrier Air India, the auction for which ended on Monday evening.