Singapore Airlines raises $600 million through bond issue
Singapore Airlines (SIA1) (SINGY) has raised $600 million via its second US dollar bond issue and has strengthened liquidity as the Omicron variant continues to create uncertainty in air travel demand.
The airline will use it for aircraft purchases and aircraft related payments and general corporate or working capital purposes, including refinancing of existing borrowings of the Company.
According to Reuters report, the airline was aiming to raise between $500 to $750 million.
Since April 2021, the airline has raised a total of $16.1 billion in fresh liquidity, sufficient to weather the challenges posed by the COVID-19 pandemic.
Ryanair summer capacity to be above pre-pandemic levels but recovery “fragile”
Ryanair is planning to operate more flights this summer than before the COVID-19 pandemic, but cautions recovery is stil...
Emirates posts $1 billion annual loss, bets on profitability in FY2022-23
Emirates posts a $1 billion (AED 3.8 billion) annual loss for FY21-2022. ...
Aeroflot says it will not publish first quarter financial results
Russian flag carrier Aeroflot has announced that it will not publish financial results for the first quarter of 2022....