aviation

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.

Results

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.

Aviation

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.

Aviation

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

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