aviation

Aviation

Return of mass air travel will take at least two years: Transport minister Ong

The global aviation industry will take at least two years to recover from the coronavirus pandemic and mass travel to return, Singapore’s Transport Minister Ong Ye Kung said, stressing the importan

Aviation

Malaysia Airlines parent company says group will 'likely be unable to meet its obligations' in letter

Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more fun

Investing ideas

DBS CIO identifies “pandemic victims” to invest in for 4Q Investment Outlook

With a recovering global economy, investors should be looking at “vaccine winners” - companies that are expected to recover once a vaccine is found -  to invest in. 

singapore airlines

Aviation

Singapore Airlines pilots agree to further pay cuts to save jobs

Singapore Airlines Ltd. pilots have agreed to further pay cuts to remain in employment, the carrier said Saturday.

Aviation

SIA group to cut around 2,400 staff, CEO Goh says decision was 'hardest and most agonising'

The Singapore Airlines (SIA) group will be cutting around 2,400 positions across its airlines in Singapore and across its overseas stations.

Broker's Calls

CGS-CIMB downgrades Singapore Airlines to 'hold' due to uncertain aviation outlook

CGS-CIMB has downgraded Singapore Airlines’ call to “hold” from its previous “add” rating with a lowered target price of $3.55, on the back of higher than expected losses and dashed hopes

Broker's Calls

DBS slashes SIA’s TP, says strengthened balance sheet could help 'weather the storm'

DBS Group Research analyst Paul Yong has maintained his “hold” call on Singapore Airlines (SIA) with a significantly reduced target price of $3.75 from $6.60 previously.

Results

SIA plummets into $1.12 bil net loss in 1Q20/21 on continued aviation woes

Singapore Airlines (SIA) has reported a loss of $1.12 billion in 1Q20/21 ended June 30 from its earnings of $111 million the year before.

Aviation

Singapore Airlines successfully raises additional $750 million in funding

Singapore Airlines (SIA) has announced that it has successfully raised an additional $750 million through long term loans secured on some of its Airbus A350-900 and Boeing 787-10 aircraft

Broker's Calls

Analysts turn negative on SATS following losses in 4Q20

SINGAPORE (July 14): Analysts are turning negative on airline gateway services and food solutions provider SATS following the release of its 4Q20 results.

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