Covid-19 Documentary Series (Singapore Airlines [SIA])

SINGAPORE AIRLINES:

Singapore Airlines aims to raise up to $15 billion amid major financial challenges due to the coronavirus which has impacted the aviation sector badly. This will be done by issuing new shares to current shareholders to raise about $5.3 billion and issuing mandatory convertible bonds to raise up to $9.7 billion. SIA have also arranged for a $4 billion bridge loan facility with DBS Bank. This amount of a massive $15 billion shows the importance and value of Singapore Airlines to maintain Singapore's position as a premier air hub in Asia. It is also by far the largest financial aid to an airline outside the US, allowing the airline to emerge stronger after Covid-19 when the aviation industry gradually reopens.

How do you think Singapore Airlines will fare within the next few months and in the longer term after covid-19? Respond in the comments section now.

Image credits: Singapore Airlines Official Website