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Fresh liquidity strengthens SIA's financial standing in crisis

But headwinds remain as international travel still remains largely on hold, analysts say

Singapore

HAVING successfully landed some S$10 billion in funding, Singapore Airlines (SIA) is on better financial footing as it awaits a recovery in air travel.

However, stiff headwinds persist for Singapore's flag carrier, given the lack of a domestic market to fall back on while international travel still remains largely on hold, analysts highlighted.

On Monday, the airline group said that S$8.8 billion has been raised through a previously announced rights issue, in addition to S$900 million in long-term loans secured by some of its Airbus A350-900 and Boeing 787-10 aircraft. In addition, the Temasek-backed airline group has established new committed lines of credit and a short-term unsecured...

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