SIA lose money until pants nearly drop, want to privatize anot?

[micromachine]

SECURITIES Investors Association (Singapore) or Sias has asked mainboard-listed Singapore Airlines (SIA) if it has considered privatisation or has such an intention.


The investor watchdog has written a letter to the flag-carrier airline, posing a string of questions triggered by SIA's recent announcement of the issuance of mandatory convertible bonds (MCBs) to raise a further S$6.2 billion.


David Gerald, Sias chief executive, who penned the letter dated May 27, has asked on behalf of some shareholders whether the route of privatisation, like the one taken by land transport operator SMRT, has crossed the mind of SIA's board. He also asked whether SIA has such a plan in mind.


The airline group was quizzed about how it would balance or align its business interests and those of its shareholders, whom Mr Gerald said are questioning the intention of SIA and the issuance, and "are not sure what they should do about it".

https://tinyurI.com/y8jeabrr

 

[zhihau]

not selling those fancy Airplane Meals anymore? Teehee...

 

[syed putra]

They can start turning those planes into spas.

 

[laksaboy]

Don't expect real privatisation as long as the Familee is in charge.

Perhaps Ng Yat Chung should be the CEO of SIA for a while... after all he sold NOL to the foreigners. Perhaps SIA can be sold to the Arabs.

 

[syed putra]

Don't expect real privatisation as long as the Familee is in charge.

Perhaps Ng Yat Chung should be the CEO of SIA for a while... after all he sold NOL to the foreigners. Perhaps SIA can be sold to the Arabs.

Qantas had a interest 8n Malaysua airlines once. But badawi refuse to sell. Umno could have saved billions in bsilouts if they had done so.

 

[Loofydralb]

Privatize = citizens and investors take the losses.
Them-are-sick will bail out and model the aviation sector similar to the shipping and NOL

 

[laksaboy]

Privatize = citizens and investors take the losses.
Them-are-sick will bail out and model the aviation sector similar to the shipping and NOL

There is no GLC in Sinkieland that's truly privatized. Check who are the majority shareholders in those so-called private companies, and what kind of people get put in as their CEOs.