The opening of a highly anticipated air travel bubble between Singapore (SIN) and Hong Kong (HKG) was deferred by two weeks, a day before the first ATB flight was set to depart on Nov. 22.
Singapore Airlines (SIA) is weighing its option to raise another S$6.2 billion ($4.6 billion) in mandatory convertible bonds (MCB) as it burns through S$300 million in cash monthly amid slower than expected recovery.
To generate more alternate revenue amid the pandemic and after rising demand for its training speciality, Singapore Airlines (SIA) is commercializing its training services by setting up the Singapore Airlines Academy.
Southeast Asia’s airline industry is being shaken up by a wave of restructuring programs prompted by the COVID-19 crisis, with most of the region’s flag-carriers looking to downsize to survive.
Singapore Airlines (SIA) is opening the doors to its training center and offering an A380 dining experience under the banner “discover your Singapore Airlines” as it searches for alternate revenue streams.
Singapore Airlines will not refit its SilkAir Boeing 737-800s with new lie-flat business class seats, as the regional unit reintegrates with the parent carrier.
Positioning itself for a protracted recovery, the Singapore Airlines (SIA) group has announced it will cut 4,300 positions across the group’s three airlines—Scoot, SilkAir, and Singapore Airlines—including 2,400 compulsory layoffs in Singapore and overseas stations.
Singapore Airlines (SIA)—responding to an Aug. 20 Bloomberg report that claimed the flag-carrier had, in two months, “burned through” half of the S$8.8 billion ($6.4 billion) raised in a rights issue—said its spending has “always been extremely careful and judicious.”
Singapore Airlines (SIA) has secured another S$750 million ($541 million) in funding, taking the total liquidity it has raised since April 1 to S$11 billion.
Singapore Airlines (SIA) is warning of a material operating loss for its fiscal 2020-21 first quarter (Q1) as the industry’s recovery proceeds at a pace slower than initially predicted.
As the COVID-19 lockdown and border closures dragged into their second full month in Singapore, flag-carrier Singapore Airlines (SIA) group saw May passenger volume plunge 99.7% year-on-year (YOY).
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.