Singapore Airlines commits to Vistara, no obligation to Virgin Australia

In March, it announced a financial rescue plan to raise SGD8.8 billion ($6.2 billion) backed by its 55 per cent shareholder, Temasek Holdings

The raging coronavirus crisis created air pockets for Singapore Airlines (SIA), which has cast doubts about its future commitment to Virgin Australia, just ahead of its crucial meeting of Extraordinary General Meeting (EGM) for shareholders. But the carrier affirmed belief in Vistara, its joint venture with The Tata Group.

SIA, Singapore's well-regarded international airline, has not been spared the financial calamity that the Covid-19 coronavirus outbreak has inflicted on global airlines. The impact is aggravated by the fact that it has no domestic market which would be the part of the business most airlines will rely on to recover first