Singapore Airlines to seek stronger governance in Air India before pumping fresh capital
The proposed conditions, to be negotiated with Tata Sons, could contain greater board voting power and asking the Indian carrier to narrow its losses...
Tag : Singapore Airlines
Temasek announces support for Singapore Airlines’ Air India investment bid
The state investor supports SIA's long-term India strategy but stops short of committing fresh capital as the loss-making carrier seeks USD 1.5 billion...
Cathay Pacific A350 engine fire: Airbus, Rolls-Royce face scrutiny
EASA said the Cathay Pacific flight powerplant fire had caused heat damage to the engine housing, including ducts used for reverse thrust on landing...
Singapore Airlines to let go 20% of its workforce as pandemic takes toll
Around 4300 employees are expected to lose their job...
Singapore Airlines raises $542 mn by securing its aircraft
The carrier has raised long-term loans by securing some Airbus A350-900s and Boeing 787-10s...
Thailand’s low-cost carrier NokScoot Airlines to enter liquidation
The carrier is expected to hold a meeting on July 14 with regard to the dissolution and to also appoint a liquidator...
Singapore Airlines secures additional $1 bn in credit facilities
This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis...
Singapore’s Temasek eyes stake in troubled Virgin Atlantic
Delta Air Lines currently holds 49% or Virgin Atlantic and the remaining 51% by Virgin Group...
MidEast and APAC aviation sector to lose $36.4 bn in revenue
The estimated losses are 10% higher than previously forecasted, according to Airports Council International (ACI)...
Singapore records the highest number of grounded flights
Singapore has 205 flights stationed while Hong Kong has recorded 178...