SQ321 incident to have minimal financial impact as insurer will cover most related expenses, compensation: SIA
All 11 resolutions, including final dividend of S$0.38 per share, passed at AGM
Add BT as a preferred source
SINGAPORE Airlines (SIA) expects its insurer to bear “most, if not all” of the expenses including compensation arising from the flight that hit severe turbulence which left one passenger dead and dozens injured.
Chief executive Goh Choon Phong said this in response to a shareholder who asked at SIA’s annual general meeting on Monday (Jul 29) about the carrier’s financial exposure to the incident.
“You are correct that we are insured and we expect that most, if not all, the SQ321-related expenses including compensation will be borne by the insurer,” said Goh, who did not give a figure for the expenses nor name the insurer.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
