SINGAPORE: Analysts have welcomed the S$750 million of support set aside by the Government for the aviation sector, noting that it will help the industry recover more quickly from the blow dealt to it by COVID-19.
On Thursday (Mar 26), Deputy Prime Minister Heng Swee Keat announced a S$48.4 billion package - up to S$17 billion of which will be drawn from past reserves - to protect jobs and support the economy in the wake of the coronavirus outbreak.