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Chitchat Think PAP is Bad? Look at Garuda, Airline destroyed by Low IQ, Corrupt and Lazy Bumis
- Thread starter Pinkieslut
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This bailout alone can buy 3 garudas.
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March 27, 20206:14 PM GMT+8Updated 1 min ago
SINGAPORE (Reuters) - State investor Temasek Holdings and others put together a funding package of up to S$19 billion ($13.27 billion) for Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic.
The massive financing plan, which drove SIA shares down as much as 10.5% on Friday, underscores the depth of financial trouble for the global airline industry, with nearly one-third of the world's aircraft already grounded because of the pandemic, according to data provider Cirium.
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Singapore Airlines obtains $13 billion rescue package amid coronavirus shock
By Anshuman DagaMarch 27, 20206:14 PM GMT+8Updated 1 min ago
SINGAPORE (Reuters) - State investor Temasek Holdings and others put together a funding package of up to S$19 billion ($13.27 billion) for Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic.
The massive financing plan, which drove SIA shares down as much as 10.5% on Friday, underscores the depth of financial trouble for the global airline industry, with nearly one-third of the world's aircraft already grounded because of the pandemic, according to data provider Cirium.
