Business

Iran seeks more aircraft as sanctions are lifted

Iran is looking to order dozens more jets worth around US$50 billion with Airbus and Boeing, said Iranian officials and Western industry sources. This announcement follows the end of international sanctions against Iran in January after it reached a nuclear deal with US and other Western powers. Iranian airline executives attended the Farnborough Airshow in Britain over the past week and held preliminary discussions …

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Problem is not with SMRT but the privatisation of the public transportation sytem

By Chris Kuan I am sure that Desmond Quek, SMRT CEO will get a round of condemnation from social media by saying this “Despite the steady increase in non-fare earnings, this trend of declining profitability is expected to persist under the current financing framework as the additional capital expenditure and increased depreciation would exert additional pressure on the future cash …

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Singapore Airline clinched the third best airline at Skytrax World Airline Awards

Often referred to as the “Oscars of the aviation industry”, the Skytrax World Airline Awards was held at the Farnborough International Airshow in Hampshire, England, on July 12. This prestigious award enthroned Singapore Airline (SIA) as the third best airline in the world and the first in Asia for the 2016 awards . Singapore Airline also clinched the award for the …

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SingPost shares fall as Acra investigates possible breaches of Companies Act

Singapore Post (SingPost) is currently undergoing investigations by accounting watchdog the Accounting and Corporate Regulatory Authority (Acra) for possible breaches of the Companies Act. In response, investors dumped SingPost shares, causing shares to fall as much as 3.5 per cent to S$1.52 in the mid-morning of 19 May. At the end of the day, SingPost shares closed down 1.6 per …

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Scoot and Tigerair to be managed by new SIA holdings company

Singapore Airlines (SIA) has established a new holding company to own and manage budget airlines Scoot and Tiger Airways. It was announced by SIA on 18 May that the company, Budget Aviation Holdings, will encompass the two budget carriers. Budget Aviation Holdings will be led by the previous CEO of Tigerair Mr Lee Lik Hsin, who had been with Tigerair …

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New passenger terminal building at Seletar Airport by end-2018

A new Passenger Terminal Building (PTB) for Seletar Airport is slated to be completed by the end of 2018, said the Civil Aviation Authority of Singapore (CAAS) and Changi Airport Group (CAG) in an announcement on 19 May. The new PTB will be built at the eastern end of the airport. According to a joint press release by the CAAS …

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New usage-based insurance launched for GrabCar drivers

A motor insurance policy, whereby private car for hire drivers will be able to pay for their insurance according to milage clocked in on paid trips, was announced for GrabCar drivers on 11 May with the aim for savings on premiums to encourage more drivers to join the industry. The new insurance policy called AXA Pay-As-You-Grab was launched by transport …

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