The group was responding to media articles detailing the notice, its US$3 billion (S$4 billion) multicurrency debt issuance programme and the uncommitted bilateral facilities it has obtained.
In its clarification, Sats said its financial performance reported over the past three years reflects the unprecedented impact of Covid-19 on the group's business.
The company wished to assure investors that it remains on track to restoring profitability on the back of global travel recovery, new contract wins, operational efficiencies and synergies achieved through the integration with Worldwide Flight Services (WFS).
This story is from the December 06, 2023 edition of The Straits Times.
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This story is from the December 06, 2023 edition of The Straits Times.
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