SATS reports net loss of $6.3 mil in 4Q20 as Covid-19 halts air travel

SINGAPORE (July 9): SATS, the gateway services and food solutions provider, reported a net loss of $6.3 million in 4Q20, compared to the earnings of $49.9 million reported in 4Q19.


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.


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


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


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.


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.


Singapore Airlines expects to report 'material operating loss' for 4QFY19/20

SINGAPORE (May 8): Singapore Airlines (SIA) has announced on Friday that it expects to report a “mat

Singapore economy

Reopening Singapore Inc a balancing act

SINGAPORE (May 8): On April 15, the director general of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, made two Twitter postings that are cru­cial for the resumption of econom­ic


SATS braces for 60-70% plunge in 4Q profits as Covid-19 storm stalls global air travel

SINGAPORE (Apr 30): Airline gateway services and food solutions provider SATS is expecting to record a “material decline” in profit for 4QFY2019-20 ended March as the Covid-19 pandemic continues to

Be informed of the stories that matter