, Singapore

SIA eyes to be a budget carrier amidst tightened competition

It is plotting a course for heavy growth and new revenue streams.

Singapore Airlines have succumbed to the pressures of the tightened competition as it posted a 70% drop in net income last month. According to Bloomberg, the airline has struggled amid the expansion of low-cost carriers in its home region, and moves by a trio of Middle East-based full-service airlines to encroach on its core franchise of premium business travelers.

A chief pillar of the Singapore Airlines' expansion rests on further long-haul expansion, driven by firm orders for 67 new Airbus A350s and 30 of Boeing Co.’s largest 787 variant, the -10. The newest 787 is scheduled to enter commercial service in 2018.

Click here to read the full story from Bloomberg. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

CICT completes acquisition of Paragon
The trust fully utilised the $750m raised through its private placement to help finance the deal.
Markets
iWOW completes acquisition of The Gentle Group
The target company has become a wholly owned subsidiary following the completion of the deal on 1 July.
Markets
NIO deliveries jump 63% in June
The electric vehicle maker delivered 107,658 vehicles in the second quarter, up 49.4% YoY.