Singapore Airlines Back On ‘Steady Footing’ After Raising $7.2B

By Chen Chuanren Jun 08, 2020
Singapore Airlines (SIA) has successfully raised S$10 billion ($7.2 billion) in funding from the issuance of rights as well as securing new long-term and short-term loans from various sources.
Airlines & Lessors

Singapore Airlines Increases Capacity, Green Lane To China Established 

By Chen Chuanren Jun 03, 2020
SINGAPORE—Singapore Airlines (SIA) has increased its capacity by 2% for June and July compared to May, albeit a 94% reduction of its schedule planned before COVID-19 hit.
Airports & Routes

Singapore Airlines To Adapt Fleet For Prolonged COVID-19 Recovery

By Chen Chuanren May 15, 2020
Singapore Airlines (SIA) is not expecting its capacity to fully recover for the next 12-18 months and is readjusting its fleet expansion strategy accordingly. 
Airlines & Lessors

Singapore Airlines Records First Annual Loss In Its History

By Chen Chuanren May 14, 2020
Severely burnt by fuel hedging losses and the collapse in demand from COVID-19, Singapore Airlines (SIA) posted a net loss of S$212 million ($148 million) for its fiscal year ending March 31, the first in its history.
Airlines & Lessors

Singapore Airlines To Report First Ever Annual Loss

By Chen Chuanren May 08, 2020
Ahead of its full year financial report on May 14, Singapore Airlines (SIA) has put out a stock announcement saying it is expecting a net loss for fiscal 2019-2020, including a material operating loss for the last quarter between January and March. 
Airlines & Lessors

Singapore Airlines Sends A380s To Alice Springs For Storage

By Chen Chuanren Apr 24, 2020
With no end to the COVID-19 crisis in sight, Singapore Airlines (SIA) is flying four of its Airbus A380 and two of LCC subsidiary Scoot’s A320ceo to the Asia Pacific Aircraft Storage (APAS) facility in Alice Springs, Australia for long-term parking.
Aircraft & Propulsion

Singapore Investor Group Questions SIA’s $10.5B Cash Call

By Chen Chuanren Apr 21, 2020
The Securities Investors Association (Singapore) (SIAS) has submitted a list of queries to the board of Singapore Airlines (SIA) prior to the carrier’s emergency general meeting (EGM) on the S$15 billion ($10.5 billion) cash call proposal to raise funds for the airline amid the COVID-19 crisis.
Airlines & Lessors

Singapore Airlines Boosts Liquidity With Major New Equity Issuance

By Adrian Schofield Mar 26, 2020
Singapore Airlines (SIA) will raise up to S$15 billion ($10.5 billion) through the issue of new shares and bonds, with the backing of its majority…
Airlines & Lessors

SIA Faces ‘Greatest Challenge’ As It Grounds 94% Of Fleet

By Chen Chuanren Mar 23, 2020
Following the closure of borders at home and abroad, Singapore Airlines (SIA) said it will cut 96% of its capacity until the end of April in what it described as the “greatest challenge” SIA group has ever faced. 
Airlines & Lessors

Singapore, India Expand Travel Bans; Vietnam Airlines Cuts Korea Flights

By Chen Chuanren Mar 03, 2020
With COVID-19 coronavirus cases multiplying in South Korea, Iran and Italy, Singapore has taken more steps to mitigate the risk. 
Airports & Routes

Singapore Airlines Posts Strong Q3 Profit, Braces For COVID-19 Impact

By Chen Chuanren Feb 14, 2020
Crediting its multiyear transformation program, the Singapore Airlines (SIA) Group posted a 10.9% year-on-year (YOY) profit growth for its fiscal 2019/2020 third quarter (Q3), earning S$315 million ($233.5 million) for the period ending Dec. 31, 2019.
Air Transport

ANA, Singapore Airlines Confirm Joint Venture

By Chen Chuanren Jan 31, 2020
Singapore Airlines (SIA) and All Nippon Airways (ANA) inked a joint venture (JV) framework agreement Jan. 31, confirming earlier reports the two Star Alliance members were working on a cooperation deal.
Air Transport

SIA, ANA Reportedly Negotiating Joint Venture

By Adrian Schofield Jan 21, 2020
Singapore Airlines (SIA) and All Nippon Airways (ANA) are holding discussions regarding a potential joint venture agreement between the two carriers, according to two major Asian media outlets.
Air Transport

Singapore Airlines To Launch Brussels Service

By Chen Chuanren Dec 17, 2019
Singapore Airlines (SIA) has announced it will launch commercial flights to Brussels, Belgium, starting Oct. 25, 2020
Air Transport