Temasek Supports New Equity for Singapore Airlines Due to Coronavirus Economic Fallout

Posted on 03/26/2020


As passenger demand has fallen during the coronavirus pandemic, Singapore Airlines Limited moved fast to cut capacity and implement cost-cutting measures. Disclosed on March 26, 2020, Singapore Airlines will offer all shareholders S$ 5.3 billion in new equity and up to a further S$ 9.7 billion through a 10-year Mandatory Convertible Bonds (MCB). Both will […]