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The cessation of some of the wage cuts is a "recognition of the prolonged sacrifices" that staff have made, its CEO said.. Read more at straitstimes.com. ....
Singapore Airlines set for regional dominance as rivals pull back Share Singapore Airlines has, with aid from the state investor, been in a position of dominance over its South-East Asian competitors as they decrease and restructure, with US$16 billion (S$ 21.6 billion) from the start of a Covid 19 pandemic. The crisis has threatened the survival of non-domestic carriers like SIA, Cathay Pacific Airways in Hong Kong, and Emirates in Dubai. Indeed, the government “would spare no effort” to ensure that the SIA copes through the pandemic, said Prime Minister Lee Hsien Loong last year. Temasek Holdings has been one of the world’s leading airline rescue packages by its majority shareholder, government-owned investment force. Singapore Airlines, therefore, has sufficient funds to continue to operate without cuts for at least two more years, modernise its fleet to save energy, reduce maintenance costs and achieve envir ....
210101120248-4-singapore-airlines SINGAPORE, July 10 (Reuters): Singapore Airlines Ltd (SIA), flush with US$16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its South-East Asian rivals as they downsize and restructure. The crisis threatened the survival of hub carriers that lack domestic markets such as SIA, Hong Kong s Cathay Pacific Airways Ltd and Dubai s Emirates. Indeed, Singapore Prime Minister Lee Hsien Loong last year said the government would spare no effort to ensure SIA made it through the pandemic. Its majority shareholder, government-owned investment arm Temasek Holdings underwrote one of the world s biggest airline rescue packages. Thanks to that, SIA s has enough funds to keep going for at least two more years without cuts, and is modernising its fleet to save fuel, reduce maintenance costs and meet environmental goals while other airlines shed aircraft. ....
Analysis: Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.