Singapore Airlines set for regional dominance as rivals pull back

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Singapore Airlines set for regional dominance as rivals pull back

traveldaily2021-07-13

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) ...

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Comment（15）

vkkk
·2021-07-13
[666]
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2
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jessicacaca
·2021-07-13
gogogo
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TayYZ
·2021-07-13
Nope
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1
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Shishir
·2021-07-13
After covid
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4
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JLSE
·2021-07-13
[財迷]
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5
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bishnu
·2021-07-13
Wow
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3
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Arivu
·2021-07-13
Backed by SG government strongly
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3
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- Limpek:
  SIA will take off from runway again
  2021-07-13
  Reply
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- BellaEng:
  yup
  2021-07-13
  Reply
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PengsieX
·2021-07-13
At the expense of civilian shareholders
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6
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aMaZing55
·2021-07-13
Not easy man
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6
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Dionysius
·2021-07-13
Let's hope that it can survive till then.
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7
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Lineeeeee
·2021-07-13
To be the Last man standing ?
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6
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阿汉
·2021-07-13
1 like ok?
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6
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KH321
·2021-07-13
Saving SIA not for reason of profit making, but to maintain Spore air hub position and reputation.
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17
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Dennis1015
·2021-07-13
pls like me ya thanks
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- Chloeyeo:
  Done
  2021-07-13
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ShawnKoh1
·2021-07-13
Like and comment
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Indeed, the government “would spare no effort” to ensure that the SIA copes through the pandemic, said Prime Minister Lee Hsien Loong last year.\nTemasek 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 environmental objectives while other airlines shut out aircraft.\nThe cash pole of Singapore Airlines is the envy of competitors like Thai Airways and Garuda Indonesia, who received little support from the government. Many competitors of Singapore Airlines cut fleets to a level that could eventually weaken their hubs and send more traffic to Singapore.\n“Basically, what these airlines are trying to do is they are trying to ward off their debtors,” said Subhas Menon, director-general of the Association of Asia Pacific Airlines.\nIn the meantime, Singapore Airlines is enhancing its fleet and strengthening the Scoot budget. Leisure travel has brought recovery in Europe and North America; budget carriers are crucial for airlines if they do so in Asia.\nSingapore Airlines is less immediately under pressure for further downsizing after having abated old aircraft and cut 20% of its staff last year. 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Shouldn’t you take tough steps?'”\nLess than 9 per 100 of the rights sold in the recent issue of SIA A$8.3 billion convertible bonds have been sold to shareholders other than Temasek.\nOver a period of three years after agreements with the manufacturers Airbus and Boeing, Singapore Airlines deferred A$5.4 billion for new aircraft.\nHowever, due to large pre-crisis orders, it still spends A$ 4.9 billion on new aircraft and this year, despite low demand, adds a minimum of 19 aircraft in its fleet, including 13 widebodies.\nBy contrast, Germany’s larger Lufthansa, which earned nearly four times as much revenue annually pre-Covid, has a capital spending budget of about 1.5 billion euros (A$2.37 billion) for 2021.\nSingapore Airlines financial cushioning makes it harder to push back on contracts with manufacturers and lessors. 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They lost money for years before the pandemic.\n“Presumably in shedding their liabilities they will create some unhappy people who were owed money that was never paid,” Mr Wilson said. “The extent to which that subsequently constrains them, time will 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covid","listText":"After covid","text":"After covid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142619877","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142637956,"gmtCreate":1626145207275,"gmtModify":1703754250346,"author":{"id":"4089028522442560","authorId":"4089028522442560","name":"JLSE","avatar":"https://static.tigerbbs.com/b2e0c693d513ad9276d36f34b54134c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089028522442560","authorIdStr":"4089028522442560"},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142637956","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":142636390,"gmtCreate":1626145007710,"gmtModify":1703754244314,"author":{"id":"4087795446253510","authorId":"4087795446253510","name":"bishnu","avatar":"https://static.tigerbbs.com/c227b024bc4a5a454d3c114b7de7745a","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4087795446253510","authorIdStr":"4087795446253510"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142636390","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142600139,"gmtCreate":1626143445321,"gmtModify":1703754208405,"author":{"id":"3587015129995019","authorId":"3587015129995019","name":"Arivu","avatar":"https://static.tigerbbs.com/b4f95b9d963f53618dbf3723720eb3ac","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3587015129995019","authorIdStr":"3587015129995019"},"htmlText":"Backed by SG government strongly&nbsp;","listText":"Backed by SG government strongly&nbsp;","text":"Backed by SG government strongly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/142600139","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5204260,"gmtCreate":1626154979352,"gmtModify":1663230901843,"authorId":3585026211789841,"author":{"id":3585026211789841,"idStr":"3585026211789841","authorId":3585026211789841,"name":"Limpek","avatar":"https://static.tigerbbs.com/e38d5e6a0aa567606fd0fd668de77588","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142600139,"type":1,"supId":0,"prevId":0,"content":"SIA will take off from runway again","text":"SIA will take off from runway again","html":"SIA will take off from runway again"},{"id":5203655,"gmtCreate":1626149853494,"gmtModify":1663230900654,"authorId":3576533774112300,"author":{"id":3576533774112300,"idStr":"3576533774112300","authorId":3576533774112300,"name":"BellaEng","avatar":"https://static.tigerbbs.com/dde1682b37a7cdb8f3de06cedadd8083","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142600139,"type":1,"supId":0,"prevId":0,"content":"<u>yup</u>","text":"<u>yup</u>","html":"<u>yup</u>"}],"langContent":"EN"},{"id":142874028,"gmtCreate":1626143317164,"gmtModify":1703754205976,"author":{"id":"3578047933589423","authorId":"3578047933589423","name":"PengsieX","avatar":"https://static.tigerbbs.com/ebe92821eba3b91a6431d698b66bbed5","vip":2,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578047933589423","authorIdStr":"3578047933589423"},"htmlText":"At the expense of civilian shareholders","listText":"At the expense of civilian shareholders","text":"At the expense of civilian shareholders","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142874028","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142879452,"gmtCreate":1626143088676,"gmtModify":1703754196049,"author":{"id":"3576546045770731","authorId":"3576546045770731","name":"aMaZing55","avatar":"https://static.tigerbbs.com/ff00e80806cd6836168ab51b6c28123d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576546045770731","authorIdStr":"3576546045770731"},"htmlText":"Not easy man&nbsp;","listText":"Not easy man&nbsp;","text":"Not easy man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142879452","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142870096,"gmtCreate":1626143044315,"gmtModify":1703754193120,"author":{"id":"3566858882239289","authorId":"3566858882239289","name":"Dionysius","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3566858882239289","authorIdStr":"3566858882239289"},"htmlText":"Let's hope that it can survive till then.&nbsp;","listText":"Let's hope that it can survive till then.&nbsp;","text":"Let's hope that it can survive till then.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142870096","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142841331,"gmtCreate":1626142786823,"gmtModify":1703754182723,"author":{"id":"3560430203469597","authorId":"3560430203469597","name":"Lineeeeee","avatar":"https://static.tigerbbs.com/be273513243d1a62470cdfddf42f5f8f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3560430203469597","authorIdStr":"3560430203469597"},"htmlText":"To be the&nbsp;Last man standing ?","listText":"To be the&nbsp;Last man standing ?","text":"To be the Last man standing ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142841331","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142841982,"gmtCreate":1626142765646,"gmtModify":1703754182237,"author":{"id":"3563934075749379","authorId":"3563934075749379","name":"阿汉","avatar":"https://static.tigerbbs.com/1d5e5a6a13a00b0d3210d8a99e4f2e73","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563934075749379","authorIdStr":"3563934075749379"},"htmlText":"1 like ok?","listText":"1 like ok?","text":"1 like ok?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142841982","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142849873,"gmtCreate":1626142676592,"gmtModify":1703754180285,"author":{"id":"3586451610703869","authorId":"3586451610703869","name":"KH321","avatar":"https://static.tigerbbs.com/c1bb8bd7d6d5df5f9732871fe60999ea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586451610703869","authorIdStr":"3586451610703869"},"htmlText":"Saving SIA not for reason of profit making, but to maintain Spore air hub position and reputation.&nbsp;","listText":"Saving SIA not for reason of profit making, but to maintain Spore air hub position and reputation.&nbsp;","text":"Saving SIA not for reason of profit making, but to maintain Spore air hub position and reputation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142849873","repostId":1153964222,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142854169,"gmtCreate":1626142540551,"gmtModify":1703754175662,"author":{"id":"3585134583010792","authorId":"3585134583010792","name":"Dennis1015","avatar":"https://community-static.tradeup.com/news/fdbe6b2d7bf6c9620daf7480e8b27bde","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3585134583010792","authorIdStr":"3585134583010792"},"htmlText":"pls like me ya thanks","listText":"pls like me ya thanks","text":"pls like me ya 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