The_King Posted March 26, 2020 Share Posted March 26, 2020 SINGAPORE Airlines (SIA) on Thursday morning called for a halt in the trading of its shares pending the release of an announcement. The halt was called at 8.14am before the market opened for trading. SIA shares closed 10.4 per cent or S$0.61 higher at S$6.50 on Wednesday. The Business Times reported on Tuesday that the flag carrier's pilots will be placed on compulsory no-pay leave of between four and seven days a month starting April 1. This comes as the airline and its unions work together to save jobs in what has been described as an unprecedented crisis for global aviation amid the novel coronavirus situation. Just a day before, SIA announced that it was cutting 96 per cent of its planned capacity originally scheduled up to end-April given the further tightening of border controls around the world over the last week. It is also exploring ways to increase liquidity and reduce capital expenditure and operating costs amid the ongoing Covid-19 outbreak, it said in a statement on Monday. https://www.businesstimes.com.sg/companies-markets/singapore-airlines-calls-for-trading-halt-pending-announcement 1 Link to comment Share on other sites More sharing options...
meng.huat Posted March 26, 2020 Share Posted March 26, 2020 Govt bailout lai liao!! 26/03/2020 16:32 SINGAPORE AIRLINES MUST COME THROUGH IN GOOD SHAPE CNA. SIA will need liquidity to tide over this outbreak, says Mr Heng. I've been informed that SIA is considering a corporate action supported by Temasek Holdings which will be announced in due course, he says. "Through these measures, we will make sure that SIA will be able to come through this in good shape." This is about preserving the status of our air hub so it can emerge stronger, he says. 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted March 26, 2020 Share Posted March 26, 2020 1 hour ago, The_King said: SINGAPORE Airlines (SIA) on Thursday morning called for a halt in the trading of its shares pending the release of an announcement. The halt was called at 8.14am before the market opened for trading. SIA shares closed 10.4 per cent or S$0.61 higher at S$6.50 on Wednesday. The Business Times reported on Tuesday that the flag carrier's pilots will be placed on compulsory no-pay leave of between four and seven days a month starting April 1. This comes as the airline and its unions work together to save jobs in what has been described as an unprecedented crisis for global aviation amid the novel coronavirus situation. Just a day before, SIA announced that it was cutting 96 per cent of its planned capacity originally scheduled up to end-April given the further tightening of border controls around the world over the last week. It is also exploring ways to increase liquidity and reduce capital expenditure and operating costs amid the ongoing Covid-19 outbreak, it said in a statement on Monday. https://www.businesstimes.com.sg/companies-markets/singapore-airlines-calls-for-trading-halt-pending-announcement 16 minutes ago, meng.huat said: Govt bailout lai liao!! 26/03/2020 16:32 SINGAPORE AIRLINES MUST COME THROUGH IN GOOD SHAPE CNA. SIA will need liquidity to tide over this outbreak, says Mr Heng. I've been informed that SIA is considering a corporate action supported by Temasek Holdings which will be announced in due course, he says. "Through these measures, we will make sure that SIA will be able to come through this in good shape." This is about preserving the status of our air hub so it can emerge stronger, he says. sia still in better financial shape compared to airasia or garuda. https://www.bloomberg.com/quote/SIA:SP https://www.bloomberg.com/quote/5099:MK https://www.bloomberg.com/quote/GIAA:IJ Link to comment Share on other sites More sharing options...
The_King Posted March 26, 2020 Author Share Posted March 26, 2020 buy high sell low 1 Link to comment Share on other sites More sharing options...
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