29/11/2019

SIA is 2nd a Second time

Update 29 Jul 2020: Singapore Airlines reports record $1.1 billion loss in Q1 amid Covid-19 pandemic, reviewing 'shape and size' of its network
SIA noted that international air travel is not recovering as quickly as expected.ST PHOTO: MARK CHEONG

Singapore Airlines (SIA) reported on Wednesday (July 29) a $1.12 billion net loss in the quarter ended June 30, its largest quarterly loss on record, as demand plummeted amid travel restrictions caused by the Covid-19 pandemic.

Revenue for the group plunged 79.3 per cent to $851 million year on year, while expenditure dropped 51.6 per cent to $1.89 billion, the company said in a regulatory filing.

SIA had entered the first quarter "at a time when market conditions were deteriorating rapidly due to the spread of Covid-19 globally", the group said.


SIA Plans To Raise Up To S$15B From Existing Investors To Regain Its Wings Amid COVID-19

Troubled by deepening impacts of the Covid-19 outbreak, Singapore Airlines (SIA) is just at the beginning of a heavy blow. The national carrier has suffered a 95 per cent reduction in capacity so far, which severely puts a dent in revenue, while it still has to continue incurring fixed costs like manpower and parking charges. On Monday, SIA CEO Goh Choon Pong increased the company’s cost-cutting measures, including implementing no-pay leave for staff and larger pay-cuts for management, affecting about 10,000 employees in total.

Today, the airline said it will be raising up to S$15 billion from existing investors through the sale of shares and convertible bonds, to tide through the shock from the coronavirus. This comes as SIA’s shares fell to their lowest in 22 years. The firm, on Thursday morning, halted trading before revealing this announcement. SIA will issue up to 1.77 billion new shares to existing shareholders at S$3 per share. On the basis of three rights shares for every two existing shares held by shareholders, it expects to raise S$5.3 billion. This is about a 54 per cent discount from SIA’s last traded share price of S$6.50.

Another S$9.7 billion will come from issuing mandatory 10-year convertible bonds at $1 each, on the basis of 295 bonds for every 100 existing shares owned. In the meantime, SIA has also arranged for a S$4 billion bridge loan facility with DBS. This fundraising is being underwritten by Temasek Holdings, SIA’s largest investor which owns about 55 per cent of its shares.

related: Changi Airport's T2 To Suspend Operations For 18 Months From May 1

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BEST AIRLINES 2020
AIRLINE RATINGS NAMES AIR NEW ZEALAND TOP CARRIER

The world’s best airlines for 2020 have been named by AirlineRatings.com, the world’s only safety and product rating website, and the airline of the year is Air New Zealand.


The kiwi airline just nudged out Singapore Airlines, last year’s winner, ANA, Qantas and Cathay Pacific.


Air New Zealand is being honoured for the sixth time for its record-breaking performance, multi-award-winning in-flight innovations, operational safety, environmental leadership and motivation of its staff. These factors have stamped the airline as a clear industry leader.


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World's Best Airline 2019

SINGAPORE AIRLINES DETHRONED AS WORLD’S BEST AIRLINE

Singapore Airlines just lost its “best in the world” title, with the number one spot in the prestigious Global Skytrax Rankings (the Oscars of the aviation industry) going this year to Qatar Airways.


Qatar were also awarded World’s Best Business Class (a title they’ve won every year since 2016), and Best Airline in the Middle East.


Singapore Airlines dropped to second place (which, considering the number of cashed-up competitors nipping at their heels, isn’t too bad an effort), while Japanese airline ANA All Nippon Airways came third.


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SIA slips to No. 2 in best airline list, wins top spot for its premium suites

The first class suite in the Singapore Airlines (SIA) A380. SIA snagged the Best First Class Airline accolade from AirlineRatings. ST PHOTO: LIM YAOHUI

Singapore Airlines (SIA) could not retain its crown as the best airline in 2020, slipping a spot to No. 2 behind Air New Zealand, according to airline safety and product rating review website AirlineRatings.


Even so, SIA snagged the Best First Class Airline accolade.


This is the sixth time Air New Zealand has been given the top award, with airlines assessed based on a range of factors including safety, environmental leadership and motivation of its staff.


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SIA Loses ‘World’s Best Airline’ To Air New Zealand, But Wins ‘Best 1st Class Airline’

SIA Wins ‘Best First Class Airline’ But No Longer ‘Best Airline’ For 2020, According To AirlineRatings

In 2019, SIA was named the World’s Best Airline in 2019 but unfortunately failed to keep its place for 2020. Instead, Air New Zealand clinched 1st place based on AirlineRating‘s criteria.


This is not Air New Zealand’s first time clinching the top award. Air New Zealand has previously won the award 5 times.


The survey, however, is a different one from the 2019 World Airline Awards that were announced earlier in June.


related: Qatar Airways Wins World’s Best Airline, SIA Wins Best Cabin Crew


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Air New Zealand named airline of the year - again

The national carrier also won the best premium economy award for the sixth year in a row. Source: Breakfast

Air New Zealand has been named airline of the year for 2020 at the Airline Excellence Awards.


It is the sixth time the national carrier has received top honours in the competition, run by AirlineRatings.com.


Aviation-experienced judges from the US, France, UK and Australia assessed airlines on 12 criteria, including customer reviews, product offerings, safety, fleet age, profitability and environmental leadership.


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Air New Zealand takes top AirlineRatings.com award

AirlineRatings.com editor Steve Creedy, left, presented the award to Air NZ chair Therese Walsh and acting chief executive Jeff McDowall. Photo / Dean Purcell

Air New Zealand has been named the airline of the year by safety and product-rating website AirlineRatings.com with the way it has responded to engine problem fallout winning praise from judges.


It is the sixth time Air New Zealand has taken the crown for what the Australian-based editors of the site said were for its multi-award-winning in-flight innovations, operational safety, environmental leadership and motivation of its staff.


''These factors have stamped the airline as a clear industry leader.''


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Air New Zealand has been named as the world's best airline for 2020


Air New Zealand has been named as the world's best airline for 2020 by AirlineRatings.com - a website that ranks airlines on safety and in-flight experience


The accolade was bestowed upon it for a sixth time by the Airline Excellence Awards, run by AirlineRatings.com - a website that ranks airlines on safety and in-flight experience.


It beats last year's winner, Singapore Airlines, to the top spot, while Qatar Airways is named best business class for its Qsuite and best for catering and Virgin Australia wins prizes for best economy and cabin crew.


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Air New Zealand named best airline for 2020

The airline also took out the award for best premium economy. Photo credit: Getty

Air New Zealand is flying high on Tuesday after being named the world's best airline for 2020.


The title was given out by Australian-based Airlinesratings.com, and sees the national carrier edge out last year's winner Singapore Airlines.


It's the sixth time Air New Zealand has won the award.


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SIA loses ‘airline of the year’ title to Air New Zealand, but retains best first class award


Singapore Airlines (SIA) fell to second spot after failing to retain the airline of the year title in AirlineRatings’ Airline Excellence Awards.


The world’s best airline for 2020 was awarded to Air New Zealand. This is the sixth time the airline has been given the top award. Air New Zealand also bagged the ‘Best Premium Economy’ accolade, its sixth time claiming the award.


Here are the rest of the top 20:

  • All Nippon Airways
  • Qantas
  • Cathay Pacific Airways
  • Emirates
  • Virgin Atlantic
  • EVA Air
  • Qatar Airways
  • Virgin Australia
  • Lufthansa
  • Finnair
  • Japan Airlines
  • KLM
  • Korean Airlines
  • Hawaiian Airlines
  • British Airways
  • Alaska Airlines
  • Delta Air Lines
  • Etihad Airways

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SIA slips to second place in best airline list

Each Singapore Airlines Airbus A-380 Skyroom suite resembles a small hotel room as it is equipped with a bed, an armchair and a writing table. This premium offering won the carrier the Best First Class Airline award on AirlineRatings' list.ST PHOTO: LIM YAOHUI

This is the sixth time Air New Zealand has been given the top award, with airlines assessed based on a range of factors including safety, environmental leadership and motivation of its staff.


The rest of the top 20 list comprised, in order of merit, All Nippon Airways, Qantas, Cathay Pacific Airways, Emirates, Virgin Atlantic, EVA Air, Qatar Airways, Virgin Australia, Lufthansa, Finnair, Japan Airlines, KLM, Korean Airlines, Hawaiian Airlines, British Airways, Alaska Airlines, Delta Air Lines and Etihad Airways.


Since the website started in 2013, SIA has been a familiar name on the list, finishing among the top 20 airlines every time and taking the No. 1 spot for 2019. Best Cabin Crew went to Virgin Australia, while Emirates won Best Inflight Entertainment.


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SIA apologises after flight to New Delhi delayed by almost 17 hours
Flight SQ406, scheduled to leave Changi Airport for New Delhi at 4.45pm on Nov 29, eventually took off at 9.23am the next day.ST PHOTO: LIM YAOHUI

Singapore Airlines (SIA) has released a statement on Thursday (Dec 5) apologising for a flight delay on Nov 29 which saw passengers travelling to New Delhi departing almost 17 hours after the scheduled time.

Flight SQ406, scheduled to leave Changi Airport at 4.45pm on Nov 29, eventually took off at 9.23am the next day.

The airlines said the flight was initially delayed due to bad weather here. But shortly after it left the gate at 6.05pm, the flight crew were alerted to a technical issue with the aircraft's braking system and had to return to the gate due to safety reasons.

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SIA passenger complains of “inhumane torture” over 16-hour flight delay
A passenger on Singapore Airlines (SIA) flying from Singapore to Delhi took to Facebook on Sunday (1 December) to slam the airline for its “pathetic preparedness and service” after the flight was delayed for 16 hours

Facebook user Deep Roy wrote a lengthy post on SIA’s Facebook page describing the “inhuman torture” he experienced on 29 November when the SIA flight that was due to depart from Singapore at 4.25 pm was delayed.

First, the flight was delayed for a couple of hours due to rain. Passengers had already boarded the plane at this time and were inside the cabin for more than an hour, said Mr Roy, adding that it had become “terribly hot without AC”.

Just as the plane was about to take off, the passengers were told that there was a problem with the braking mechanism. The plane headed back to the terminal where the passengers disembarked.

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SIA plane suffers damage on landing in Yangon airport after suspected tail strike

A Singapore Airlines (SIA) plane was undergoing repairs after suffering damage due to a "suspected tail strike" in Myanmar last Monday (Nov 25).

In an email to CNA on Wednesday, an SIA spokesperson said that flight SQ998 from Singapore was landing in Yangon International Airport when the incident happened. 
A tail strike is when the tail of a plane comes into contact with the runway either during takeoff or landing.

"The aircraft taxied to the terminal uneventfully and all passengers disembarked normally," said the SIA spokesperson.

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SIA plane with 284 on board hits aerobridge at Changi Airport

A Singapore Airlines (SIA) plane carrying 272 passengers and 12 crew struck an aerobridge at Changi Airport on Tuesday (Sep 18).

Singapore Airlines flight SQ178 was scheduled to depart Singapore for Ho Chi Minh City at 9.45am.

The flight was delayed after the forward fuselage of the Airbus A330-300 struck the rear aerobridge during pushback at Changi Airport, an SIA spokesperson told Channel NewsAsia.

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Singapore Airlines investigating allegations made by passenger on delayed flight

Singapore Airlines (SIA) on Thursday (Jun 14) said it was looking into claims that its cabin crew were rude to passengers on board a delayed flight to India.

Flight SQ516 was delayed by almost three hours last Friday due to "technical issues on the ground", said an SIA spokesperson in response to Channel NewsAsia's queries.

Facebook user Chandni Doulatramani, who was a passenger on the plane operating from Singapore to Kolkata, claimed that SIA crew members were rude to passengers when asked about the delay.

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Singapore Airlines flight to Melbourne delayed after slide 'unexpectedly deployed'

A Singapore Airlines (SIA) flight from Singapore to Melbourne was delayed after an evacuation slide was "unexpectedly deployed" on Friday (Jun 15).

Flight SQ247, a Boeing 777 operating between Singapore, Melbourne and Wellington, was being pushed back for departure from the gate at 7.45pm when the incident happened, said an SIA spokesperson in response to Channel NewsAsia's queries.

There were 243 passengers and 13 crew on board. No one was injured, the spokesperson confirmed.

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Singapore Airlines flight suffers 'hydraulic leak' during landing at Kolkata airport

A Singapore Airlines (SIA) flight from Singapore to Kolkata was stuck on the runway for a time after landing in India on Saturday (May 5) night due to a "technical fault".

Flight SQ516 landed at the Netaji Subhas Chandra Bose International Airport around 10.30pm local time on Saturday, Indian media reports said, citing an airport official.

The Airbus A330 could not be moved from the runway after touchdown for around 20 minutes.

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SIA flight from Mumbai delayed more than 8 hours over 'security concern'

Passengers on a Singapore Airlines (SIA) flight were stranded at Mumbai airport for more than eight hours after a bomb threat on Friday (Sep 7) night, according to Indian media reports.

The Hindu quoted officials as saying that the Air India call centre in Thane received a phone call about a bomb on the aircraft and passed that information on to the authorities.

After a "complete sanitation operation" by the Central Industrial Security Force team, the threat was eventually declared a hoax, the daily newspaper reported on Saturday, adding that efforts to identify the person behind the hoax call are ongoing.

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Investigations open after SIA cargo plane engine pod hits ground at Sydney Airport

An investigation has been launched by Australian authorities after a Singapore Airlines (SIA) cargo plane's engine pod struck the ground while landing at Sydney Airport.

The incident took place last Thursday (Nov 28) as the Boeing B747-400 freighter aircraft "executed a go-around due to a rejected landing", SIA said in response to CNA's queries.

"During the go-around, one of the aircraft’s engines made contact with the runway," it added.

related:
Singapore Airlines flight from Melbourne cancelled after pilot failed alcohol test
Singapore Airlines pilots not allowed to consume alcohol within 10 hours of flight
Investigation into SIA pilot who failed alcohol test, only reported case in 10 years
Scoot flight returns to Singapore after alleged bomb threat; man arrested
Bomb hoax delays Singapore Airlines flight from Taipei

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In 1980, Lee Kuan Yew told SIA pilots’ union he was prepared to ground airline & start over

Back in 1980, Singapore Airlines (SIA) hit a pretty rough patch and its reputation took a bad hit.

Profits were down for the airline, it had a dispute with its pilots’ union, and it was accused of shoddy treatment of its passengers affected by a strike by Australian refuellers.

Nothing seemed to be going right for SIA.


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