by Amruth Sundarkumar | Dec 6, 2022 | Singapore Dollar Bonds
Singapore Airlines (SIA) and Tata Sons have agreed to merge the airline carriers Air India and Vistara subject to regulatory approvals. The merger is set to be completed by March 2024. SIA will acquire a 25.1% stake in Air India for $250mn, taking its total share in...
by Amruth Sundarkumar | Nov 17, 2022 | Singapore Dollar Bonds
Singapore Airlines Group (SIA Group) reported a record H1 operating profit of S$1.23bn ($876mn) and net profit of S$927mn ($658mn). In comparison, last year the airlines recorded an operating loss of S$620mn ($451mn) and net loss of S$837mn ($610mn). In the half year...
by Amruth Sundarkumar | Oct 26, 2022 | Singapore Dollar Bonds
Singapore Airlines (SIA) plans to redeem its mandatory $3.5bn convertible bonds on 8 December 2022, as per an exchange filing. The airlines plans to spend S$3.86bn ($2.71bn) to redeem the bond that was issued in 2020 to help it weather the pandemic’s impact of...
by Amruth Sundarkumar | Oct 14, 2022 | Corporates, Singapore Dollar Bonds
Singapore Airlines (SIA) and Tata Group are exploring a potential integration of jointly-owned Vistara (51% Tata, 49% SIA) and Air India, which is a subsidiary of Tata. SIA and Tata are thus currently in talks which could potentially “deepen the existing partnership”...
by Amruth Sundarkumar | May 19, 2022 | Singapore Dollar Bonds
Singapore Airlines (SIA) reported a loss of S$962mn for the financial year ending 2022, as compared to a loss of S$4.27bn in the previous year. Its revenues doubled to S$7.62bn over the course of the year. An ease of travel restrictions helped boost passenger traffic...
