Singapore Airlines Says Reserves Sufficient for Well Into 2023
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Singapore Airlines Ltd. said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement Tuesday.
The nation’s flagship carrier was responding to questions from the Securities Investors Association (Singapore) last month about whether it has considered privatization. Singapore Airlines said that privatization wasn’t a matter for it to consider because it is a shareholder action.