 "Singapore Airlines")
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 rose and the transformation programme produced early results.
But SilkAir was a weak spot, reporting
