Temasek Holdings
| Use attributes for filter ! | |
| Owners | Government of Singapore |
|---|---|
| Headquarters | Singapore |
| Revenue | 107. 1 billion SGD (2018) |
| Total assets | 308 billion SGD (2018) |
| Subsidiaries | Singapore Airlines |
| Singtel | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 882171 |
About Temasek Holdings
Temasek Holdings Private Limited is a Singaporean holding company. It is owned by the Government of Singapore.
Coronavirus: American Airlines search, $12bn in state aid
American Airlines has confirmed that he will seek $12bn (£9. 7bn) for the financial support of the U.S. government because of the impact of the Corona-Virus.
employees were told in an E-Mail this "would allow us to fly, even in the worst of possible scenarios for the future".
he said It would mean "no involuntary furloughs or reductions of compensation or benefits for The Next six months".
the staff will also leave offered "enhanced voluntary and early retirement options".
in the Past year, The Company made a $2. 9bn profit and returned $1. 3 billion to shareholders via dividends and buybacks, according to Bloomberg.
The Massive $2. 2tn coronavirus relief bill passed the U.S. Congress last week, $50 billion has been set aside for carriers with the half, since the grants.
The Other half of employees are offered as a loan in exchange for not furloughing up to at least 30. September.
American Airlines , The World 's largest by number of passengers, said it hoped to fly again, a full schedule until then.
"These funds will be distributed, to ensure continuation of the essential air links, and jobs. We intend to apply for these funds and are confident to fly that, together with the relatively high level of available cash position, it will enable us, even in the worst of possible scenarios of the future," said the E-Mail to employees from CEO Doug Parker and President Robert Isom.
" Global airlines have fought, such as the countries in The World , holds the majority of passenger flights since February as part of efforts to stop the spread of the coronavirus.
Another US airline, Delta, has also offered a voluntary leave of absence and airlines outside of the United States, such as Singapore Airlines have unveiled plans to procure the funds, by tapping on the share and bond markets with the support of the sovereign investment fund Temasek Holdings .
american airlines, coronavirus pandemic, air travel, us politics
Source of news: bbc.com
