SINGAPORE (Aug 19): Singapore Airlines announced on Aug19 that it will be using a further S$2.2 billion out of the gross proceeds of the S$8.8 billion raised from the rights issue to fund its operating expenses, settle its maturing fuel hedging trades and ticket refunds, aircraft purchases, and debt service.
The airline has already utilised S$2.2 billion to repay the S$2 million bright loan facility with DBS Bank on June 16.
Of the S$2.2 billion, some S$1.1 billion will...(click on link for full story on theedgesingapore.com)