A man walks past a Singapore Airlines signage at Changi Airport in Singapore. To fight back, Singapore Airlines chief executive officer Goh Choon Phong is boosting borrowings to fund a record US$53 billion order for new planes. Crabb said he doesn’t own Singapore Airlines stock. The loss at the main airline is the first since the fourth quarter of fiscal year 2014, according to company filings. Shares of Singapore Airlines fell as much as 6.7% on Friday, the biggest intraday drop since August 2011, in the city-state to S$10.04.

Source: Bangkok Post May 19, 2017 08:15 UTC