Aviation

Aviation

Boeing quietly pulls plug on 747 jumbo jets

(July 3): Boeing Co. hasn’t told employees, but the company is pulling the plug on its hulking 747 jumbo jet, ending a half-century run for the twin-aisle pioneer.

Aviation

SIA to liquidate associated company of Scoot TigerAir, records one-off charge of $123.6 mil

SINGAPORE (June 26): Singapore Airlines (SIA) announced that the board of directors of NokScoot Airlines has passed a resolution to liquidate NokScoot on Friday.

Aviation

Singapore Air may grab share of lucrative Indian market from Emirates and Etihad through local affiliate

(June 26): The coronavirus outbreak is unexpectedly providing an opportunity to Singapore Airlines Ltd.

Aviation

SIA to use $2.2 bil from rights issue to repay bridge loan facility with DBS, fund operating expenses

SINGAPORE (June 16): Singapore Airlines (SIA) announced that it will be using $2.2 billion out of the gross proceeds of the $8.8 billion raised from the rights issue, to repay the $2 billion bridge

Aviation

Hong Kong to lead Cathay Pacific's HK$40 bil bailout package : SCMP

HONG KONG (June 9): Hong Kong’s government will lead a near HK$30 billion ($5.4 billion) bailout package for Cathay Pacific Airways Ltd giving it two observer seats in the boardroom, the South Chin

Aviation

Cathay, Swire Pacific, Air China halt trading in Hong Kong

(June 9): Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders Swire Pacific Ltd. and Air China Ltd.

Aviation

SIA secures $10 bil from rights issue and secured and unsecured credit facilities to 'tackle challenges' posed by Covid-19

SINGAPORE (June 8): Singapore Airlines (SIA) has raised $10 billion of liquidity through its recent rights issue, as well as a mix of secured and unsecured credit facilities.

Aviation

SIA rights shares fully subscribed but shareholders snub MCBs

SINGAPORE (June 2): Singapore Airlines (SIA) has announced that its rights issue has been fully subscribed by valid shareholders.

Aviation

SIA faces its biggest challenge in Covid-19; investors will need a strong stomach

SINGAPORE (May 22): Since its inception in 1972, Singapore Airlines (SIA) has weathered through all kinds of downturns that had im­pacted air travel.

Be informed of the stories that matter