Aviation
SIA's shareholders greenlights $15b fundraising
Shareholders in favour of raising two resolutions.
Airlines struggle to tap into debt capital markets: SIA
Concerns were raised over SIA’s proposed $8.8b issue of share rights to raise cash.
SATS prices $100m notes due 2025 at 2.6%
Proceeds will be used partly for general corporate purposes.
Changi Airport's passenger count down 70.7% to 1.65 million in March
Air travel demand remained significantly impacted by the Covid-19 pandemic.
SIA's passenger load factor down to 57.4% in March
Only about 10 aircrafts of its 200-strong fleet are currently in operation.
SIA to hold EGM for shareholder approval on rights issue
It aims to collect $3.5b in aggregate principal amount of mandatory convertible bonds.
SIA updates policy on COVID-hit flights
Customers can use travel credits to book new flights until 30 June.
SGX-ST approves listing of SIA's proposed $8.8b rights issue
About $3.7b will be used to fund expenses incurred amidst reduced operation.
Aviation stocks crashed 38% in 2020 YTD
SIA, SIAEC, ST Engg, and SATS averaged 26% declines in March alone.
Changi Airport Terminal 2 suspends operations for 18 months
Airlines will be relocated to the remaining terminals.
Daily Briefing: SIA implements no-pay leave days for pilots; Waste management firm Blue Planet bags $36m
And Expara Ventures launches accelerator programme for COVID-19 solutions.
SIA cuts 96% of capacity until end-April
It saw a fall in passenger revenue as demand for air travel collapsed.
SIA's losses could amount to over $1b in FY2021
The drop in oil prices will not save them as well.
Daily Briefing: Singapore's aviation hub status left in limbo amidst COVID-19; Cruise passenger traffic down 52%
And marketing tech company AnyMind Group has acquired India’s POKKT Mobile Ads.
SIA halves capacity
They also stated that further capacity cuts are underway.
Scoot to offer voucher refunds in full
This will be available for bookings made on or before 15 March.
SIA Group's passenger load factor down 12.1 ppt in February
Its passenger carriage slid by 17% YoY.
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