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Singapore Airlines gets $13bn lifeline as airlines beg for help 27 Mar 2020 Singapore’s state investor Temasek Holdings and others will inject as much as 19 billion Singapore dollars ($13.27bn) into Singapore Airlines (SIA) in the world’s single-biggest rescue of an airline slammed by the coronavirus pandemic. The enormous financing plan, which drove SIA shares down as much as 10.5 percent 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. Many governments worldwide have already stepped in to help airlines amid the virus-induced travel slump, with the United States offering $58bn in aid. Many carriers have grounded fleets and ordered thousands of workers on unpaid leave to keep afloat. The 5.3 billion Singapore dollars ($3.72bn) in equity and up to 9.7 billion Singapore dollars ($6.8bn) in convertible notes – bonds that can be converted into equity stakes in the company – of the Singapore Airlines fundraising are being underwritten by Temasek, which owns about 55 percent of the group. The carrier has also obtained a 4 billion SIngapore dollar ($2.8bn) bridge loan facility with the country’s biggest lender, DBS Group Holdings Ltd, to support near-term liquidity requirements. read more https://www.aljazeera.com/economy/2020/3/27/singapore-airlines-gets-13bn-lifeline-as-airlines-beg-for-help

NOSTALGIA! All these will be "Whitewash" clean and disappeared in time! Just wanted some LOL moments! Million Dollars leader Calibre! Made in SG & Only found in SG! https://mothership.sg/2020/04/covid-19-mask-wearing-explainer-singapore/ #songboh