After two turbulent years, the skies are finally clearing for Singapore Airlines Limited (SGX: C6L), or SIA.
In late March, the Singapore government had announced an easing of safe management measures, along with a slew of changes that further relaxed rules on travel, gatherings, and live performances.
This reopening should be music to the airline’s ears as it looks forward to better days ahead.
Importantly, Singapore is also shifting to a new Vaccinated Travel Framework (VTF) for all travellers.
The VTF simplifies the rules regarding travel, where countries are either classified in the “general travel” or “restricted” categories.
All fully-vaccinated travellers will be able to enter Singapore with just a pre-departure test from this month onwards.
They also will not need to quarantine and no longer need to take any COVID-19 tests here.
These changes should significantly increase the number of tourists entering Singapore, thereby boosting SIA’s prospects....