SIA still has liquidity but recovery depends on border reopenings: analysts

SINGAPORE Airlines (SIA) C6L may have used up all the proceeds from its S$8.8 billion rights issue undertaken in 2020, but analysts said the airline's current liquidity would still be sufficient for it to ride out the next couple of years.

Beyond that, it would take a worldwide relaxation of borders for SIA to regain its footing.

SIA said last Thursday it had exhausted the S$8.8 billion in gross proceeds raised from its rights issue in June last year. The last S$600 million was used for aircraft and aircraft-related payments.