The company was responding to a series of questions put to it last week by the Securities Investors Association of Singapore .
While the rights issue was well subscribed, the MCB met with tepid response, resulting in substantial shareholder Temasek subscribing to the bulk of it, a point that was raised by Sias last week. Because the MCBs are considered equity, SIA has more headroom for further debt financing going forward, if needed.
It added that it had a pipeline of new-generation aircraft - Airbus A350s and Boeing 787s - on order that it could use for further secured financing and sale and leaseback transactions.It added:"Since the beginning of the Covid-19 pandemic crisis, our monthly operating cash burn has dropped to the current levels of around $100 million - $150 million per month, from around $350 million at the start of the pandemic.