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
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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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