SINGAPORE Airlines (SIA) was asked several questions ahead of its annual general meeting last month by the Securities Investors Association (Singapore), or Sias. Among them was how it balances the interests of its equity holders versus those of its mandatory convertible bond (MCB) holders.

SIA’s response couldn’t have been less interesting.

It simply said: “We acknowledge and appreciate the support from all of our stakeholders. We will take their respective interests into consideration as we review options.”