Singapore Airlines (SIA) has declared in a statement on its website that it has extended cancellations of most of its flights till the end of June due to coronavirus concerns.
About 96% of its scheduled flights will remain suspended till June 30. Meanwhile, the airline will fly only to 15 cities including six South-East Asian cities, Tokyo, London and Los Angeles, the statement added.
Customers whose flights were cancelled by SIA or SilkAir will hold the full value of the unused portion of their tickets as flight credits. They will also be granted bonus flight credits while rebooking their flights. More information regarding 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 nations and territories. Now, only about 10 of its 200 aircraft are in operation to serve a limited passenger network.
The carrier is trying to raise up to USD 15 billion with the assistance of Temasek. This will be done by giving 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.
Singapore Airlines has had 15 staff test positive for coronavirus since last month, with nine fully recovered, the Straits Times reported.