This includes $15 billion from shareholders through a combination of Mandatory Convertible Bonds, rights shares, secured financing and sale-and-leaseback arrangements. SIA also has an additional $2.1 billion available in untapped lines of credit.
The results would have been better if not for the restrictions imposed on Vaccinated Travel Lanes in late-December 2021 through to mid-February this year amid the emergence of the new Omicron variant. But from April 1, when Singapore lifted all travel restrictions, demand has taken off exponentially.With travel demand surging, the company expects passenger capacity to hit 61 per cent of pre-Covid levels in this quarter and 67 per cent during the following three months.Over 1.
He also added that the company would review the need to hold such huge cash holdings - currently at almost $14 billion - as the business environment picked up.
Didn’t you guys get plenty of handouts from the taxpayers? Lol.
More like thanks to taxpayers monies keeping it afloat
Is that short for “greedy beyond belief “