The Indian government has repeatedly tried to privatize Air India. The first time around there really wasn’t interested by any major entity to buy-in. Then the Indian government went ahead with some financial gymnastics to create special purpose vehicles to take a huge chunk of the airline’s debt off the balance sheet to entice potential buyers. It seemed to be going well but then as COVID-19 happened the sell-off processes were put on hold as the world struggled to deal…
Singapore Airlines has announced its intentions to launch one of the longest non-stop flights in the world: it will return to New York’s John F. Kennedy Airport starting on Nov. 9. Flights from Singapore begin Nov. 9 and return flights will start on Nov. 11 from New York. Each flight…
As more airlines across the world introduce “flights to nowhere,” Singapore Airlines has taken a step back from that idea with a revolutionary new way to increase cash flow during the COVID-19 pandemic. While the airline has decided to not continue its own flights to nowhere, it has introduced new…
These days, many people in and around the industry see Air India as a poorly run airline that most avoid flying if they can help it. They’re known for poor on-time performance, rundown planes, indifferent staff and more. A quick search online results in dozens of bad reviews for every…
Singapore’s-national carrier, Singapore Airlines, announced significant losses during the company's second-quarter financial results. On July 29, the airline announced that the second quarter, which ended on June 30 and was the first of the carrier's 2020 fiscal year, resulted in a 1.123 billion Singapore dollar ($816 million) loss. These losses…
Singapore Airlines has sent six of its 19 Airbus A380 aircraft to the Asia Pacific Aircraft Storage (ASPA) located at Alice Springs, Australia for long-term storage. The airline aims at preserving its super-jumbos from Singapore’s high humidity environment, which poses corrosion risk for the aircraft. The climate of Alice Springs…
As the airline industry tries to return from a brutal few months, there are a lot of changes that are happening to how people travel. Airports will now require social distancing, temperatures will be checked often and passengers' surroundings will be cleaned much more frequently. Until a vaccine or highly…
Last week Singapore Airlines posted the first full-year loss of its almost 50-year history amid a collapse in demand due to the COVID-19 pandemic and some heavy losses on its fuel hedging policy. The airline recorded a net loss of 212 million Singapore dollars ($149.1 million) for the fiscal year…
In hopes of keeping some industries afloat, the Australian government has created the International Freight Assistance Mechanism in hopes of keeping some trade routes open for those seeking high demand, limited lifespan items. The project has been agreed upon by Hon Michael McCormack MP, Minister of Infrastructure, Transport and Regional…
Singapore's Finance Minister Heng Swee Keat announced on Thursday that the carrier is considering a corporate action with the support of Temasek Holdings, its state-owned majority stakeholder. Heng also stated that the action "will be announced in due course." "We will make sure SIA comes out of this in good…
