210101120248-4-singapore-airlines SINGAPORE, July 10 (Reuters): Singapore Airlines Ltd (SIA), flush with US$16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its South-East Asian rivals as they downsize and restructure.
The crisis threatened the survival of hub carriers that lack domestic markets such as SIA, Hong Kong s Cathay Pacific Airways Ltd and Dubai s Emirates. Indeed, Singapore Prime Minister Lee Hsien Loong last year said the government would spare no effort to ensure SIA made it through the pandemic.
Its majority shareholder, government-owned investment arm Temasek Holdings 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.
Analysis: Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back
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Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back
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Singapore PM Lee wears turban, welcomes Sikh community with Sat Sri Akal CtoI News Desk
Highlighting the multi-cultural nature of the city-state, Singapore Prime Minister Lee Hsien Loong wore an immaculate white turban at the inauguration of a gurdwara and greeted the community members in perfect Punjabi, saying Sat Sri Akaal . © Facebook/Lee Hsien Loong The gurdwara was renovated during the pandemic when Sikh leaders helped worshippers adjust to disruptions caused by the pandemic
Speaking at the inauguration of the Gurdwara at Silat Road, he praised the Sikh community for their contribution in mitigating the disruptions caused by the pandemic.