"Given SIA’s strong balance sheet and profitability, this unfortunate incident is not expected to be a material financial risk to the group," suggests Ong in his June 13 note.
Singapore Airlines remains a "hold" for Eric Ong of Maybank Securities following two recent adjacent events: the crash of a Boeing 787 operated by its associate Air India, and the closing of Jetstar Asia, one of the three airlines based out of Changi.
On June 12, Air India's Flight 171 heading to London from Ar crashed, killing more than 200 people, marking the first fatal accident involving a Boeing 787 since it started service in 2011.
