“I welcome Temasek’s decision to lend support to SIA,” Heng, who is also Finance Minister, said in his Supplementary Budget speech in Parliament this afternoon.
SINGAPORE (March 26): Singapore Airlines will undertake a “corporate action” to weather through the turbulent aviation sector, which has been severely hit by the novel coronavirus (Covid-19) pandemic, according to Deputy Prime Minister Heng Swee Keat.
The “corporate action”, which Heng says is backed by Temasek, will be announced later today. Temasek owns a 77.7% stake in SIA.
