Supplementary Budget

SIA plans to offer a three-for-two rights issue at $3 per share, which is a 53.8% discount off SIA’s last traded price of $6.50. It will also raise up to another $9.7 billion from a 10-year Mandatory Convertible Bonds (MCB).

Jetstar Asia says it has been working with the Ministry of Finance, the Public Service Division, and the Civil Aviation Authority of Singapore to find temporary job opportunities offered by the public agencies and the private sector institutions.

This brings the state’s total relief package to an astounding $55 billion, after factoring in the proposed measures worth $6.4 billion that was previously announced in the Budget 2020 delivered about a month earlier.