Singapore Airlines grounds most of its fleet as coronavirus poses 'greatest challenge'

SINGAPORE (Reuters) - Singapore Airlines Ltd will cut capacity by 96% and ground almost all of its fleet, the carrier said on Monday, in response to coronavirus travel restrictions it called the "greatest challenge" it had ever faced. The move comes as global travel hub Singapore closed borders to travellers and transiting passengers in a bid to stem spread of the virus.Shares of the airline, majority owned by Singapore state investor Temasek, were down nearly 9% by 0218 GMT, outstripping a..