Singapore Airlines extends flight suspension till end-June over COVID-19.

- A Monitor Desk Report 16 Apr, 2020 | 425 Views|-+
Dhaka: Singapore Airlines (SIA) has extended suspension of most flights till the end of June over coronavirus concerns, the carrier said in a statement on its website on April 24.

About 96 per cent of scheduled flights will remain suspended till June 30. Meanwhile the airline will fly only to 15 cities including South-East Asian cities, Tokyo, London and Los Angeles, the statement added.

Customers whose flights were cancelled by SIA or SilkAir will retain the full value of the unused portion of their tickets as flight credits. They will also be awarded bonus flight credits when rebooking their flights. More information on the carriers' cancellation policy can be found on SIA's website.

Until this crisis hit, SIA was the 15th largest airline group in the world, serving around 140 destinations in more than 35 countries and territories.

The carrier is seeking to raise up to USD 15 billion with the help of Temasek. This will be done by issuing new shares to current shareholders to raise about USD 5.3 billion and issuing mandatory convertible bonds to raise up to USD 9.7 billion.

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