Aviation

Aviation

Cash call should keep SIA flying, but earnings to nosedive: CGS-CIMB

SINGAPORE (March 30): While the capital raising move backed by Temasek Holdings should strengthen Singapore Airlines (SIA) for the long haul, the flag carrier’s earnings will likely nosedive ahead,

Aviation

Global airlines raised more than US$17 bil from banks in weeks

(Mar 29): Airlines worldwide raised more than US$17 billion ($24.3 billion) in bank loans in March to shore up their finances amid the coronavirus outbreak.

Aviation

Temasek to lead $15 bil rescue of SIA

SINGAPORE (Mar 27): Singapore Airlines (SIA), facing unprecedented stress from the Covid-19 outbreak, plans to tap shareholders to raise $15 billion so that it can stay aloft, the

Aviation

Down but not out: Aviation workers take on temp public service roles amid suspension of flights

SINGAPORE (Mar 27): Steep cuts to airline operations amid the Covid-19 outbreak might have led to the grounding of thousands of workers in Singapore, but some employees at aviation firms here have

Aviation

Desperate airlines switch passengers for cargo to stay alive

(Mar 26): Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Kore

Aviation

SIA slashes capacity by half, warns of further cost and capacity cuts

SINGAPORE (Mar 17): Singapore Airlines (SIA) is now operating at half of its original capacity, as countries around the world close borders in a bid to protect themselves against the escalating Cov

Aviation

Airport passenger traffic in Asia-Pacific set to plunge 24% in first quarter

(Mar 9): Airport passenger traffic in the Asia-Pacific region is expected to take a 24% hit in the first quarter from the coronavirus, leading to a US$3 billion ($4.2 billion) decline in airport re

Aviation

Coronavirus outbreak could cost airlines up to US$157 bil in lost revenue: IATA

(Mar 6): The novel coronavirus outbreak will cost the airline industry US$63 billion ($87 billion) to US$113 billion in lost revenue from passengers this year, the International Air Transport Assoc

Aviation

Fitting new engines to the big, ugly and fat B-52 will be dream come true for ST Engineering

SINGAPORE (Feb 28): An aircraft parts manufacturer with 90-year heritage is eyeing a contract to help keep a fleet of Cold War-era bombers aloft for the next 30 years.

Aviation

SIA Group reports 1.4 ppt increase in overall passenger load factor to 84.5%, announces reshuffling of senior management

SINGAPORE (Feb 17): Singapore Airlines Group (SIA) reported a 1.4 percentage point increase in passenger load factor (PLF) for January to 84.5%, on the back of improved contributions across all its

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