SINGAPORE: Singapore Airlines (SIA) is tapping existing investors for up to S$15 billion (US$10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak.
The fund raising is being underwritten by the airline's biggest investor, Temasek Holdings, which owns about 55 per cent of the group.
Advertisement Advertisement "This is an exceptional time for the SIA Group," SIA chairman Peter Seah said in a statement late on Thursday