A further $0.6 billion has gone towards aircraft and aircraft-related payments.
To date, the airline has used about $8.2 billion between June 8, 2020, and Feb 24, including the one-time utilization of $2.0 billion for the repayment of the bridge loan from DBS Bank.
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“Such use of proceeds is in accordance with the intended use of proceeds stated in the Offer Information Statement,” says the airline in a March 1 statement.
“While international air travel continues to be affected by the pandemic, the company will continue to be prudent and proactive in managing its liquidity,” it adds.
Shares in SIA closed 26 cents higher or 5.2% up at $5.24 on March 1.
