Singapore Airlines bags USD7 billion in liquidity boost
Singapore Airlines has increased its liquidity to the tune of S$10 billion (US$7.2 billion).
After securing S$8.8 billion in a rights issue, it bagged a further S$1.4 billion in credit to help weather the Covid-19 storm.
It said it raised S$900 million through loans on some of its aircraft and a short term unsecured loan of S$500 million.
"We are grateful for the strong support of our shareholders for our successful rights issue, which has secured the company’s future amid an unprecedented global health and economic crisis," SIA CEO Goh Choon Phong said.
It will continue exploring ways to ‘shore up liquidity as necessary.’
The airline recently announced it is resuming flights to 27 cities in June and July including Amsterdam, Barcelona, Christchurch, Hong Kong, Melbourne and Osaka.
"SIA and SilkAir will continue to adjust our capacity to match the demand for international air travel," it said.
SIA Group has also unveiled new health and safety measures including an in-flight ‘care kit’, and modified meal service to minimise contact between passengers and cabin crew.
Care kits comprise a surgical mask, anti-bacterial hand wipes and a hand sanitiser.
In addition SIA is ditching the buffet in its airport lounges.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt