Singapore Airlines set to dominate among its Southeast Asian rivals

An analysis published by Reuters on the 9th of July provides the current scene with Singapore Airlines as it dominates through the Southeast Asian region. The following texts are excerpted from the analysis.

“Singapore Airlines Ltd (SIA), flush with $16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its Southeast Asian rivals as they downsize and restructure.”

“Its majority shareholder, government-owned investment arm Temasek Holdings (TEM.UL) 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.”

“Many of SIA’s rivals are trimming fleets to a level that could ultimately weaken their hubs and send more connecting traffic to Singapore.”

“But analysts say it could take 12 to 18 months for widespread travel to resume in Asia.”

“SIA deferred S$4 billion of spending on new planes over three years after reaching agreements with manufacturers Airbus SE and Boeing Co.”

“But because of large pre-crisis orders, it is still spending S$3.7 billion on new aircraft and adding at least 19 planes to its fleet this year, including 13 widebodies, despite little demand.”

Source: Reuters

You may also check our Terms and Conditions for our Content Policy.

Check out the more than 1975 relevant pilot training industry updates here.

BACK

Other Updates

‘UK Flight School Emerges from both Pandemic and Brexit Challenge…

Europe | 30th Jun 22

L3Harris Showcases its Florida Flight School Management Team

North America | 30th Jun 22

White Paper from CAE and Emirates Airlines: ‘A Future Learning…

Global | 30th Jun 22

Middle East Airline Received Massive 20,000 Applications for 900 Pilot…

Middle East | 30th Jun 22

Sign Up to receive AFM’s Pilot Training Industry Updates

SUBSCRIBE