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SINGAPORE, Singapore (AFP) — Singapore Airlines said Thursday it was cutting about 4,300 jobs — around 20 percent of its workforce — due to the coronavirus, and warned any recovery would be “long and fraught with uncertainty”. SIA is the latest airline to announce massive layoffs as the global aviation industry faces its greatest-ever crisis due to travel restrictions to fight the spread of the pandemic. The city-state’s flag carrier said about 1,900 positions had […]
SINGAPORE (AFP) — Singapore Airlines reported an annual loss of almost $150 million Thursday, driven by the collapse in air travel caused by the coronavirus pandemic, and the latest sign of the outbreak’s devastating impact on the aviation sector. The airline group — which includes subsidiaries SilkAir and Scoo — suffered a net loss of Sg$212 million (US$148 million) for the financial year that ended on March 31, compared to a profit of Sg$683 […]
SINGAPORE, Singapore (AFP) — Boeing said Tuesday its global services unit has signed deals worth nearly $1 billion at the Singapore Airshow in areas like parts, maintenance, modification and training. The deals underscore the growing importance of the huge commercial aviation market in the Asia-Pacific region. “Boeing is serious about helping customers optimise the performance of their fleets and reduce operational costs,” said Stan Deal, president and chief executive of Boeing Global Services. Among the […]
