Singapore Airlines (SIA) says it has used a further $1.1 billion out of the $8.8 billion raised from its rights issue between Dec 14, 2020, to Feb 21.

Of the $1.1 billion, some $0.4 billion went towards the funding of ongoing operating expenses, while another $0.1 billion had gone towards the refunds of flight tickets that were subsequently cancelled in view of the continuing border controls and travel restrictions.

A further $0.6 billion has gone towards aircraft and aircraft-related payments.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook