<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>.<p><strong><a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">CORONAVIRUS SPECIAL COVERAGE ONLY ON DH</a></strong></p>.<p>The airline'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>.<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. ($1 = 1.4232 Singapore dollars)</p>
<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>.<p><strong><a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">CORONAVIRUS SPECIAL COVERAGE ONLY ON DH</a></strong></p>.<p>The airline'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>.<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. ($1 = 1.4232 Singapore dollars)</p>