Key Developments: Singapore Airlines Ltd (SIAL.SI)

SIAL.SI on Stock Exchange of Singapore

11.94SGD
17 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Singapore Airlines Ltd updates on joint venture with Airbus
Friday, 17 Apr 2015 05:08am EDT 

Singapore Airlines Ltd:Refers to its announcement dated Feb. 12.Says the JV Company received regulatory approvals to proceed.As per the Joint Venture Agreement signed between SIA and Airbus, SIA has now been issued 14,850,045 shares in the JV Company for a consideration of $14,850,045.This represents 45 pct of the total issued and paid-up capital of the JV Company as at April 17.  Full Article

Tata Sons Ltd and Singapore Airlines Ltd's Vistara to have fleet size of 20 aircraft by 2018-Business Standard
Sunday, 1 Mar 2015 05:27am EST 

Tata Sons Ltd and Singapore Airlines Ltd:Says its joint venture- Vistara said its fleet size will be increased to 20 by 2018, from five at present-Business Standard.  Full Article

BMW, Bosch join Deutsche Bahn in airline cartel damages claim against Singapore Airlines Ltd and others - Reuters
Saturday, 31 Jan 2015 10:34am EST 

Singapore Airlines Ltd:BMW and Bosch said on Jan. 31 they would join Deutsche Bahn in two claims for about 2.1 bln euros ($2.4 bln) in damages from air freight carriers who were involved in a cartel - Reuters.The air cargo cartel, which included Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States.Confirming a report in German magazine WirtschaftsWoche, spokespeople for BMW and Bosch said the companies had joined the lawsuits, announced by Deutsche Bahn in December.The magazine also reported that Continental, Kuehne + Nagel and Panalpina were seeking damages from the cartel members.Deutsche Bahn says its freight business Schenker was overcharged for air cargo services for more than six years as carriers colluded in setting fuel and security surcharges.The firm is seeking 1.2 bln euros in damages plus 560 mln euros in interest in a suit filed with a court in Cologne, plus another $370 mln in the United States.The airlines it is suing in Germany are Lufthansa, Air Canada, British Airways, Cargolux, Cathay Pacific, Japan Airlines, LAN, Qantas, SAS and Singapore Airlines.In the United States, it is seeking damages from Air France, All Nippon Airways, Cargolux, KLM, Martinair, Qantas and SAS.  Full Article

Singapore Airlines Ltd to pay interim dividend
Thursday, 6 Nov 2014 06:20am EST 

Singapore Airlines Ltd:Says interim dividend of 5 Singapore cents per share, and will re-open at 9:00 a.m. on Nov. 20, 2014.Payable on Nov. 27.Record date on Nov. 18.Ex date on Nov. 14.  Full Article

Singapore Airlines Ltd declares final dividend
Thursday, 8 May 2014 08:33am EDT 

Singapore Airlines Ltd:Declares final tax exempted (1-tier) dividend of S$0.11.Record date is Aug 05.Pay date is Aug 14.Ex date is Aug 01.  Full Article

updates on proposed strategic alliance between Singapore Airlines Ltd and Air New Zealand Ltd
Monday, 21 Apr 2014 12:00am EDT 

Singapore Airlines Ltd and Air New Zealand Ltd:Says Competition Commission of Singapore has cleared proposed strategic alliance with Air New Zealand.As announced on Jan. 16, the proposed alliance will enable Air New Zealand to fly the Auckland-Singapore route again and Singapore Airlines to operate the Airbus A380 to New Zealand for the first time.  Full Article

Singapore Airlines Ltd announces investment in TATA SIA Airlines Limited
Friday, 4 Apr 2014 04:19am EDT 

Singapore Airlines Ltd:Says that its joint-venture company, TATA SIA Airlines Limited (TATA SIA) has received the No Objection Certificate (NOC) from the Ministry of Civil Aviation, India to start a full service airline.TATA SIA will proceed to apply for the Air Operator’s Permit (AOP) from India’s Directorate General of Civil Aviation (DGCA).  Full Article

Singapore Airlines Ltd proposes issues of S$200 mln notes
Wednesday, 26 Mar 2014 05:07am EDT 

Singapore Airlines Ltd:Launches and priced S$200 mln in aggregate principal amount of 3.145 per cent.Notes due 2021 comprised in Series 002 and S$300 mln in aggregate principal amount of 3.750 per cent.DBS Bank Ltd. is the sole dealer for Notes.Series 002 Notes will be issued at issue price of 100 pct of their principal amount and in denominations of S$250,000.Series 002 Notes will bear interest at fixed rate of 3.145 pct per annum payable semi-annually in arrear.Series 002 Notes are expected to be issued on April 8.Series 003 Notes will be issued at issue price of 100 pct of their principal amount and in denominations of S$250,000.Series 003 Notes will bear interest at a fixed rate of 3.750 pct per annum payable semi-annually in arrear.Series 003 Notes are expected to be issued on April 8.Net proceeds from issue of Notes will be used by company for general corporate or working capital purposes.  Full Article

Singapore Airlines Ltd increases in multicurrency medium term note programme limit from S$1 bln to S$2 bln
Friday, 28 Feb 2014 04:10am EST 

Singapore Airlines Ltd:Issuer updated and upsized its Multicurrency Medium Term Note Programme.pursuant to which the issuer may from time to time issue notes so that aggregate principal amount of notes which may be issued is increased from S$1 bln to S$2 bln.Citicorp Investment Bank (Singapore) Limited and DBS Bank Ltd. are the arrangers of MTN Programme.Net proceeds will be used for general corporate or working capital purposes, or such other purpose as may be specified in relevant pricing supplement.  Full Article

Joint venture between Singapore Airlines and Airbus
Tuesday, 11 Feb 2014 07:14pm EST 

Singapore Airlines Ltd:Say it has entered into a MoU with aircraft manufacturer, Airbus SAS (Airbus), for the establishment of a civil aviation flight training centre for Airbus aircraft types to be based in Singapore.Says total initial outlay is about S$80 mln will be funded by the shareholders in proportion to their respective shareholdings.Says establishment of the JV company is subject to the approval of the Civil Aviation Authority of Singapore and any other relevant regulatory authorities.  Full Article

Deals of the day- Mergers and acquisitions

March 31 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

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