Singapore Airlines set for regional dominance as rivals pull back
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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 environmental object
By Rory O Neill
More than half of the world s airline pilots aren t flying anymore.
Reuters reports that a survey of pilots in the UK found 43-percent are doing the job they were trained to do while 30%are unemployed, 17% furloughed and 10% have jobs that keep them on the ground.
Cathay Pacific Airways in Hong Kong cut pilot pay by 58% and Turkish Airways and Singapore Airlines have also cut salaries.
Before the pandemic there was a global shortage of pilots and the demand for aviators pushed up their salaries and working conditions.
The pilot who have kept their jobs say COVID-19 is causing in credible stress as they face scattered rules country by country and the possibility of being quarantined during normal flight rotations.