SIA responds to Sias queries on S$15b cash call
Move allows airline to treat capital raised as equity, strengthening its balance sheet, as traditional funding opportunities dry up
Janice Heng
Singapore
THE worsening environment for aviation amid the Covid-19 pandemic has made it very difficult for airlines to tap debt capital markets, Singapore Airlines (SIA) has said, in explanation of the need for its proposed S$15 billion debt and equity capital raising.
It was responding to questions from the Securities Investors Association (Singapore) or Sias in a statement on Friday, ahead of the April 30 extraordinary general meeting (EGM), when shareholders are to vote on the move.
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