Singapore Airlines (SIA) says it will be using a further $0.9 billion out of the $8.8 billion raised from its rights issue.

About $0.5 billion of the $0.9 billion will go towards the funding of ongoing operating expenses, while another $0.2 billion has been used towards the refund of tickets sold on flights which have subsequently been cancelled due to border controls and travel restrictions.

A further $0.2 billion will be used towards the airline’s debt service which includes the periodic interest payments for SIA’s secured and unsecured loans and repayment of funds previously drawn under certain lines of credit.

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