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JAKARTA – Neighboring airline Singapore Airlines (SIA) has officially become the main sponsor of Formula 1 (F1) for the series event in Singapore for the next three years. This assurance was conveyed by SIA in a press statement quoted by the editor today.

According to information, Singapore Airlines has the right to compete in the F1 race from September 30 to October 2, 2022. This privilege can be continued by GIA for the next two Singapore F1 series or until 2024.

For information, Singapore Airlines has been recorded to have taken part in the world's most prestigious car racing event since 2014.

"This year's highly anticipated Formula 1 Singapore Grand Prix will be an important milestone for Singapore, as it marks the return of international sporting events to Singapore after two years of being suspended due to the pandemic", SIA's Executive Vice President Commercial Lee Lik Hsin said Wednesday, May 18.

According to Lee, the Formula 1 event has the potential to improve Singapore's reputation as a global city. In addition, he also explained that the extension of this sponsorship signifies the government's support for sustainable tourism and sports in the country.

"This will further refine our strategy to expand our global network and support Singapore's recovery as a major international air travel hub", he said.

So what about the Indonesian national flag carrier, namely Garuda Indonesia (GIA) ahead of the Formula E event in Jakarta?

In response to this, the President Director (Director) of Garuda Indonesia, Irfan Setiaputra, spoke up. In his statement, Irfan seemed to open up opportunities to sponsor this event. This is implied by his words which do not expressly deny or confirm the intention.

"There is no plan yet", said Irfan when contacted by VOI.

To note, Garuda is currently focusing on improving business performance after being under deep pressure during the COVID-19 pandemic. Most recently, the issuer coded as GIAA is listed as being in the middle of applying for an extension of the Debt Payment Obligation (PKPU) extension for 30 days to the Commercial Court at the Central Jakarta District Court.

The application for this extension of time takes into account the ongoing verification of claims. One of them is regarding the mechanism for the reconciliation plan which is still being discussed further with the company's creditors, as well as accommodating requests from several creditors.


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