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Singapore Airlines posts $3.2 bln annual loss, to issue convertible bonds


By Reuters Staff
1 Min Read
May 19 (Reuters) - Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, widening to a record S$4.27 billion ($3.20 billion) and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.
The loss for the 12 months ended March 31 was worse than the average S$3.27 billion forecast from eight analysts, according to Refinitiv data.
It was also far bigger than the S$212 million annual loss the financial prior year, its first ever dip into the red, when only one quarter was affected by the pandemic. Annual revenue fell 76.1% to S$3.82 billion in the financial year ended March 31. ($1 = 1.3323 Singapore dollars) (Reporting by Jamie Freed in Sydney, editing by Louise Heavens) ....

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Air Force considers Selfridge to host international F-35 training center


Air Force considers Selfridge to host international F-35 training center
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Washington   The Air Force is expected to decide soon on where to establish an international F-35 training center, and Selfridge Air National Guard Base in Harrison Township is among five candidates under consideration.
Under the plan, the Air Force would house up to 36 F-35s at the base while the service trains international student pilots and support personnel from Singapore, Poland, Finland and Switzerland, said Phillip Ulmer, spokesman for the 127th Wing at Selfridge. Those nations would be purchasing the aircraft from the U.S. military.
Other bases in the running to host the foreign military sales training center include Buckley Air Force Base in Colorado; Fort Smith Regional Airport in Arkansas; Hulman Field in Indiana; and Joint Base San Antonio-Lackland in Texas. ....

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