{"id":351527,"date":"2020-05-16T10:25:18","date_gmt":"2020-05-16T04:55:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351527"},"modified":"2020-05-16T10:29:24","modified_gmt":"2020-05-16T04:59:24","slug":"singapore-airlines-to-cut-capital-spending-estimate-by-12-amid-coronavirus-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/singapore-airlines-to-cut-capital-spending-estimate-by-12-amid-coronavirus-crisis\/","title":{"rendered":"Singapore Airlines to cut capital spending estimate by 12% amid coronavirus crisis"},"content":{"rendered":"<p>Singapore Airlines Ltd said on Friday it would slash capital spending by 12% to S$5.3 billion ($3.72 billion) from a previously planned S$6 billion in the financial year ending March 31 as it grapples with the coronavirus crisis. <\/p>\n<p>The airline&#8217;s update from its last estimate in November was provided in presentation slides released ahead of an analyst and media briefing to discuss its full-year results.<\/p>\n<p>The latest budget reduces the amount spent on new aircraft by S$600 million and on other items by S$100 million. The airline said it was negotiating with aircraft manufacturers to adjust the delivery stream for orders placed in the past due to the current market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore Airlines Ltd said on Friday it would slash capital spending by 12% to S$5.3 billion ($3.72 billion) from a previously planned S$6 billion in the financial year ending March 31 as it grapples with the coronavirus crisis. The airline&#8217;s update from its last estimate in November was provided in presentation slides released ahead of an analyst and media briefing to discuss its full-year results. The latest budget reduces the amount spent on new aircraft by S$600 million and on other items by S$100 million. The airline said it was negotiating with aircraft manufacturers to adjust the delivery stream for [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-351527","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351527"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351527\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}