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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

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...

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