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Same Shock, Two Balance Sheets

Which sources back which section of this article, and what its evidence base looks like.

Which sources back which section

SectionSources behind it
What It IsSingapore Airlines, FY2025/26 results (May 2026); Singapore Airlines, equity and convertible bond announcement (March 2020); Singapore Airlines, second convertible bond tranche (May 2021); Singapore Airlines, business update for April–June 2026 (July 2026); AirAsia X, creditor vote announcement (November 2021); ch-aviation, Howard Jarvis, on the court-sanctioned scheme (2021); The Edge Malaysia, John Lai, on the disposal vote (2024); Capital A, completion announcement (January 2026); AirAsia X, completion announcement (January 2026); The Star, on the completion (January 2026); The Edge Malaysia, Luqman Amin, on the completion (January 2026); AirAsia X, first-quarter 2026 operating statistics (April 2026); AirAsia X, first-quarter 2026 results (May 2026); The Star, Keith Heiw Sai Keat, on the PN17 exit (May 2026); New Straits Times, Bernama, on the PN17 exit (May 2026); The Star, on the change of name (July 2026); AirAsia Group, second-quarter 2026 results (August 2026); The Edge Malaysia, Justin Cheng, on the second-quarter loss (August 2026); ch-aviation, Dirk Andrei Salcedo, on the aircraft returns (August 2026)
TimelineSingapore Airlines, FY2025/26 results (May 2026); Singapore Airlines, equity and convertible bond announcement (March 2020); Singapore Airlines, second convertible bond tranche (May 2021); Singapore Airlines, business update for April–June 2026 (July 2026); AirAsia X, creditor vote announcement (November 2021); ch-aviation, Howard Jarvis, on the court-sanctioned scheme (2021); The Edge Malaysia, John Lai, on the disposal vote (2024); The Star, on the completion (January 2026); The Edge Malaysia, Luqman Amin, on the completion (January 2026); AirAsia X, first-quarter 2026 operating statistics (April 2026); AirAsia X, first-quarter 2026 results (May 2026); The Star, Keith Heiw Sai Keat, on the PN17 exit (May 2026); New Straits Times, Bernama, on the PN17 exit (May 2026); The Star, on the change of name (July 2026); AirAsia Group, second-quarter 2026 results (August 2026); The Edge Malaysia, Justin Cheng, on the second-quarter loss (August 2026); ch-aviation, Dirk Andrei Salcedo, on the aircraft returns (August 2026); Airbus, on the A220 order (May 2026); RTX, on the A220 order and its engines (May 2026); FlightGlobal, Alfred Chua, on the A321XLR order (2025); Skift, Peden Doma Bhutia, on the A321XLR order (2025); Civil Aviation Authority of Singapore and Changi Airport Group, on airport charges (November 2024); Mothership, Seri Mazliana, on airport charges (2024); Reuters via GMA News, Jon Viktor Cabuenas, on Jetstar Asia (2025); Civil Aviation Authority of Singapore, fuel levy announcement (November 2025); Civil Aviation Authority of Singapore, fuel levy deferral (March 2026); Civil Aviation Authority of Singapore, fuel levy confirmation (September 2026); Civil Aviation Authority of Malaysia, on taking over MAVCOM’s functions (July 2025); AirAsia, Skytrax 2025 announcement (June 2025); Time Out Singapore, Joycelyn Yeow, on Scoot’s 2025 award (2025); Skytrax, World’s Best Low-Cost Airlines 2026 (September 2026); Ropes & Gray, María González Calvet and Nataša Siveski, on the Airbus settlement (2020); CMS, on the UK deferred prosecution agreement with Airbus (2020)
The ArgumentSingapore Airlines, FY2025/26 results (May 2026); Singapore Airlines, equity and convertible bond announcement (March 2020); Singapore Airlines, second convertible bond tranche (May 2021); Singapore Airlines, business update for April–June 2026 (July 2026); ch-aviation, Howard Jarvis, on the court-sanctioned scheme (2021); The Edge Malaysia, Luqman Amin, on the completion (January 2026); The Star, Keith Heiw Sai Keat, on the PN17 exit (May 2026); New Straits Times, Bernama, on the PN17 exit (May 2026); AirAsia Group, second-quarter 2026 results (August 2026); ch-aviation, Dirk Andrei Salcedo, on the aircraft returns (August 2026); Airbus, on the A220 order (May 2026); RTX, on the A220 order and its engines (May 2026); FlightGlobal, Alfred Chua, on the A321XLR order (2025); Skift, Peden Doma Bhutia, on the A321XLR order (2025); Malaysian Aviation Commission, consumer report for July–December 2024 (April 2025); The Edge Malaysia, Myia S Nair, on the complaint report (2025); AirAsia, Skytrax 2025 announcement (June 2025); Time Out Singapore, Joycelyn Yeow, on Scoot’s 2025 award (2025); Skytrax, World’s Best Low-Cost Airlines 2026 (September 2026)
What Others AddRTX, on the A220 order and its engines (May 2026); FlightGlobal, Jon Hemmerdinger, citing Cirium, on the grounded GTF fleet (2024); RTX, filing on the GTF powder-metal matter (September 2023); Civil Aviation Authority of Singapore and Changi Airport Group, on airport charges (November 2024); Mothership, Seri Mazliana, on airport charges (2024); Bloomberg, Angus Whitley and Danny Lee, on Jetstar Asia (2025); Reuters via GMA News, Jon Viktor Cabuenas, on Jetstar Asia (2025); Civil Aviation Authority of Singapore, fuel levy announcement (November 2025); Civil Aviation Authority of Singapore, fuel levy deferral (March 2026); Civil Aviation Authority of Singapore, fuel levy confirmation (September 2026); Malaysian Aviation Commission, consumer report for July–December 2024 (April 2025); The Edge Malaysia, Myia S Nair, on the complaint report (2025); Civil Aviation Authority of Malaysia, on taking over MAVCOM’s functions (July 2025); Ropes & Gray, María González Calvet and Nataša Siveski, on the Airbus settlement (2020); CMS, on the UK deferred prosecution agreement with Airbus (2020); AirAsia, response to the Airbus agreement (February 2020)
ConclusionSingapore Airlines, FY2025/26 results (May 2026); Singapore Airlines, business update for April–June 2026 (July 2026); AirAsia X, first-quarter 2026 operating statistics (April 2026); AirAsia Group, second-quarter 2026 results (August 2026); ch-aviation, Dirk Andrei Salcedo, on the aircraft returns (August 2026); Civil Aviation Authority of Singapore and Changi Airport Group, on airport charges (November 2024); Bloomberg, Angus Whitley and Danny Lee, on Jetstar Asia (2025); Reuters via GMA News, Jon Viktor Cabuenas, on Jetstar Asia (2025); Malaysian Aviation Commission, consumer report for July–December 2024 (April 2025); The Edge Malaysia, Myia S Nair, on the complaint report (2025); Time Out Singapore, Joycelyn Yeow, on Scoot’s 2025 award (2025); Skytrax, World’s Best Low-Cost Airlines 2026 (September 2026)

What the evidence base looks like

  • 41Sources behind this article
  • 37Read in full
  • 17Independent reporting
  • 15From the companies themselves
  • 6From governments and regulators
What the source isHow manyHow they were read
The companies’ own record — results, operating statistics, announcements and one regulatory filing, from the two airline groups, their former parent, Airbus and RTX15All in full
Independent reporting — business and trade press, and two wire agencies1713 in full; 4 behind paywalls, read at their opening paragraphs only
Governments and regulators — Singapore’s aviation authority and airport operator, and Malaysia’s aviation regulators6All in full
Legal analysis — two law firms’ accounts of the court record2All in full
The award body’s own published result1In full

Reliable

Reliable, but with an interestWorth believing and reliableWeak on both, and used with careHonest, but thin

Worth believing

Each point is one source used, placed by two judgements on a six-step scale. Points carry no names: the chart shows the shape of the evidence, not a verdict on any publisher.