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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Airlines Limited    SIAL   SG1V61937297

SINGAPORE AIRLINES LIMITED

(SIAL)
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Singapore Airlines : Extends Title Sponsorship For Formula 1 Singapore Grand Prix

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09/20/2019 | 06:26am EST

Singapore Airlines (SIA) will continue to be the Title Sponsor of the FORMULA 1 SINGAPORE AIRLINES SINGAPORE GRAND PRIX for two more years, until 2021.

The Singapore Grand Prix is one of Formula 1's premier racing events as drivers race through the Marina Bay Circuit, a street track against the city's famous skyline as its spectacular backdrop.

SIA first signed as Title Sponsor in 2014 for four years and subsequently extended it for two years, through the 2019 race. The agreement to extend the sponsorship for two more years was announced today by SIA CEO Goh Choon Phong and Formula 1 Chairman and CEO Chase Carey.

'The Formula 1 Singapore Airlines Singapore Grand Prix is a major event in Singapore's sporting calendar, drawing huge crowds to view the exhilarating Night Race and associated entertainment line-ups. We are pleased to be continuing as title sponsor, and helping to further enhance both sports and tourism for the benefit of Singaporeans and visitors alike,' said Mr Goh.

Added Mr Carey: 'We are very pleased that Singapore Airlines will continue to be the title sponsor for the Singapore Grand Prix until 2021. Singapore Airlines has been working closely with Formula 1 at the Marina Bay Circuit since 2014 and during that time we have seen brilliant races under the lights of an amazing circuit. As one of the premier events on the race calendar, loved by the fans and drivers, it is a perfect fit for us to work alongside the national airline of Singapore. We are looking forward to this year's race that should, if the past eleven years is anything to go by, provide an amazing spectacle and a physically demanding race for the drivers.'

The Marina Bay Circuit spans 5.063km with 23 corners, a bumpy street surface, tight corners and humid conditions. The circuit also boasts some of the most unique features of any track on the F1 calendar, including Turn 18, which sees the drivers pass underneath a grandstand.

MEDIA CONTACT

Media personnel are welcome to get in touch with our Public Affairs Department at public_affairs@singaporeair.com.sg

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (SGD)
Sales 2020 17 001 M
EBIT 2020 1 073 M
Net income 2020 697 M
Debt 2020 7 412 M
Yield 2020 3,48%
P/E ratio 2020 16,0x
P/E ratio 2021 14,0x
EV / Sales2020 1,08x
EV / Sales2021 1,22x
Capitalization 10 951 M
Technical analysis trends SINGAPORE AIRLINES LIMITED
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Income Statement Evolution
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Spread / Average Target 12,7%
Spread / Lowest Target -2,92%
EPS Revisions
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NameTitle
Choon Phong Goh CEO & Non-Independent Executive Director
Lim Huat Seah Independent Non-Executive Chairman
Chin Hwee Ng EVP-Human Resources & Operations
Stephen Barnes Senior Vice President-Finance
Wei Jun Wang Senior Vice President-Information Technology
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