SIA to use S$2.2 bil from rights issue proceeds to fund operating expenses, aircraft purchases and debt service
SINGAPORE (Aug 19): Singapore Airlines announced on Aug19 that it will be using a further S$2.2 billion out of the gross proceeds of the S$8.8 billion raised from the rights issue to fund its operating expenses, settle its maturing fuel hedging trades and ticket refunds, aircraft purchases, and debt service.
……Read full article on The Edge Markets - Aviation
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