Singapore Airlines (SIA) has capitalized its new low-cost medium-haul carrier at SG$283 million ($235 million). It has issued and bought 283 shares in New Aviation at SG$1.00 per share, SIA tells the Singapore stock exchange. New Aviation, a wholly owned subsidiary of SIA, is the name of the company that SIA has registered to house the new low-cost medium-haul carrier, which is due to startservice by June using ex-SIA Boeing 777-200s. As reported by Aviation Week in August, New ...
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