Singapore flag carrier Singapore Airlines reported on Wednesday that it had suffered a net loss of 4.3 billion Singapore dollars ($3.23 billion) for the financial year ending in March 2021 as the Covid-19 pandemic continues to wreck international aviation, which the airline relies on given Singapore's lack of a domestic aviation market. The massive loss was far bigger than the 212 million Singapore dollar loss recorded in the prior financial year, its first-ever dip into the red, when only one…
Singapore Airlines (SIA) announced in a press release on Monday that it has successfully completed sale-and-leaseback transactions for eleven aircraft, including seven Airbus A350-900s and four Boeing B787-10s, raising approximately S$2.0 billion (US$1.5 billion). Four different parties arranged the transactions, SIA said in a bourse filing on Monday. They are…
The highly-anticipated air travel bubble to allow quarantine-free travel between Hong Kong and Singapore is set for take-off on May 26, six months delayed after its initially-planned launch. Initially set for November last year, the travel bubble was burst by both countries due to the then-sudden rise of Covid-19 cases…
Singapore Airlines (SIA) reported a decline in overall passenger capacity by 90.2 percent year on year, while passenger capacity was lowered by 56 percent in March 2021 as compared to the same month last year. Compared to February 2021 however, the airline had expanded its network from forty-one to forty-seven…
As the summer arrives, many airlines are beginning to operate new routes to improve this year's operation. One of them is Gulf Air, the national carrier of the Kingdom of Bahrain. Earlier this week, the Middle Eastern airline operated its first flight between its base in Bahrein International Airport and…
Cathay Pacific Airways needs to lure the essential travel and boost passengers’ confidence after being hit by the coronavirus. The airline has introduced a free Covid-19 insurance to its passengers for the trips are commenced between Dec. 7 and Feb. 28 inclusive. Per a Cathay Pacific press release, the coverage…
Singapore and Hong Kong have again postponed the launch of the much-awaited travel bubble that would connect the two Asian hubs without the need for a quarantine period. The quarantine-free travel corridor launch was delayed two days before it was due to begin as Hong Kong saw a new hike…
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…
While many major airlines around the world are contemplating how many and which aircraft they must retire to stay afloat, they must also decide which of their existing, active aircraft should be grounded to maximize efficiency while minimizing costs, until they are ready to return the aircraft to service. However,…
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…
