aviation

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

Aviation

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

Aviation

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.

Aviation

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.

Aviation

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

Results

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

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