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Singapore Airlines to absorb SilkAir after 2020 after $75 mn cabin upgrade

The move comes as Singapore Airlines undertakes a three-year transformation programme designed to cut costs and boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carr

Reuters 

Singapore Airlines Ltd plans to absorb its underperforming regional arm SilkAir after 2020 when a programme to upgrade cabins at a cost of more than S$100 million ($74.5 million) gets underway. The move comes as Singapore Airlines undertakes a three-year transformation programme designed to cut costs and boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carriers. Singapore Airlines topped market expectations by reporting on Thursday a 148 percent rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue ...

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First Published: Fri, May 18 2018. 15:23 IST
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