Companies

Singapore Airlines halts trading pending announcement

Credit: REUTERS/EDGAR SU

Singapore Airlines Ltd on Thursday went into a rare trading halt pending an announcement, days after it said it would ground almost its entire fleet and seek more financing as it grapples with the coronavirus pandemic.

SINGAPORE, March 26 (Reuters) - Singapore Airlines Ltd SIAL.SI on Thursday went into a rare trading halt pending an announcement, days after it said it would ground almost its entire fleet and seek more financing as it grapples with the coronavirus pandemic.

The airline did not provide details to the stock exchange on the topic of the planned announcement.

Singapore's finance minister is set to unveil new support measures for workers, businesses and households in response to the pandemic later on Thursday.

(Reporting by Aradhana Aravindan and Jamie Freed; Editing by Christian Schmollinger)

((Jamie.Freed@thomsonreuters.com; +61 2 9321 8174;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More