• Travel Destinations

    Singapore Airlines set for regional dominance as rivals pull back

    The post Singapore Airlines set for regional dominance as rivals pull back appeared first on TD (Travel Daily Media) Travel Daily. Singapore Airlines has, with aid from the state investor, been in a position of dominance over its South-East Asian competitors as they decrease and restructure, with US$16 billion (S$ 21.6 billion) from the start of a Covid 19 pandemic. The crisis has threatened the survival of non-domestic carriers like SIA, Cathay Pacific Airways in Hong Kong, and Emirates in Dubai. Indeed, the government “would spare no effort” to ensure that the SIA copes through the pandemic, said Prime Minister Lee Hsien Loong last year. Temasek Holdings has been one…

  • Travel Destinations

    Next bubble likely to be Singapore…

    The post Next bubble likely to be Singapore… appeared first on TD (Travel Daily Media) Travel Daily. Scott Morrison met with Singapore’s Lee Hsien Loong to discuss the travel bubble on his way to the G7 summit. The pair discussed the ground rules for the travel arrangements, but Morrison warned it was still some months away. “There is still some time before we reach that milestone,” he told reporters in Singapore. “But there is nothing impeding us getting on with the job of putting systems in place that will enable such a bubble to emerge between Singapore and Australia.” Cabinet minister Peter Dutton hopes the travel bubble will be established…

  • Travel Destinations

    Singapore Airlines raises USD 500 million in US dollar bond debt debut

    The post Singapore Airlines raises USD 500 million in US dollar bond debt debut appeared first on TD (Travel Daily Media) Travel Daily. Singapore Airlines has raised USD 500 million in its first US dollar bond issue, which the company will use to buy new aircraft as the global aviation industry prepares for a post-pandemic travel rebound. The transaction was finalised on 14 January and the price was set at U.S. treasuries plus 260 basis points, according to a term sheet. The size of the 5.5 year deal was finalised after bookrunners received bids above USD 1.5 billion, and the bond carries a 3% coupon rate, the term sheet shows.…

  • Travel Destinations

    Singapore starts mandatory testing of travellers upon arrival for Covid-19

    The post Singapore starts mandatory testing of travellers upon arrival for Covid-19 appeared first on TD (Travel Daily Media) Travel Daily. All travellers, including Singaporeans and permanent residents, will need to take a COVID-19 polymerase chain reaction (PCR) test upon arrival in Singapore, the Ministry of Health (MOH) has announced. This will take effect from 24 January as part of tighter border measures to manage the risk of imported COVID-19 cases. Singapore has seen an increase in the number of coronavirus cases, mostly imported or those arriving from other countries. The ministry confirmed four coronavirus cases from the community (or local), one from the dormitories for foreign here and 19…

  • Travel Destinations

    Flights between Munich and Singapore resume

    The post Flights between Munich and Singapore resume appeared first on TD (Travel Daily Media) Travel Daily. Starting on 20 January, Singapore Airlines is once again operating three flights per week between Singapore and the Munich hub. Flights from Singapore will now take place on Wednesdays, Fridays and Sundays, while those from Munich will depart on Mondays, Thursdays and Saturdays. An Airbus A350-900 will service the route and will also transport cargo to and from Asia. “We are delighted that Singapore Airlines, one of Asia’s most prestigious airlines, is restarting regular service in Munich. Resuming the non-stop link between Munich and Singapore sends a very important signal, especially in these…