SIA's massive fund raiser a call to the faithful

IT HAS been said that if the medicine tastes bad, it could be good for you.

For shareholders of Singapore Airlines, belief in that maxim may be the only thing that could make the bitter prospect of a massive earnings dilution easier to swallow.

To save the airline as it suffers the carnage of the coronavirus, SIA last week proposed a mammoth cash call of up to S$15 billion with the full backing of majority owner Temasek Holdings.