Singapore Airlines Limited (SIA)
is a Singapore-based airline located in Westgate Plaza, Singapore. What formed the airline on 1 April 1990 from the merger of both A. J. De Beers and Air Ceylon, forming the Royal Brunei Airline. It is the largest airline by market share in Southeast Asia, with 36% of the region’s scheduled passenger traffic and 43% of total international passenger traffic.(sia share price)
Singapore Airlines Limited (SIA) is a Singapore-based airline located in Westgate Plaza, Singapore.
Singapore Airlines Limited (SIA) is a Singapore-based airline located in Westgate Plaza, Singapore. What formed the airline on 1 April 1990 from the merger of both A. J. De Beers and Air Ceylon, forming the Royal Brunei Airline. It is the largest airline by market share in Southeast Asia, with 36% of the region’s scheduled passenger traffic and 43% of total international passenger traffic.<br />Singapore Airlines Limited (SIA) is a Singapore-based airline with its head office located in Westgate Plaza, Singapore.<br />The company has expanded to operate scheduled services to more than 20 cities worldwide via over 300 destinations around the world.
Why SIA Engineering is a hidden gem?
In the dazzling world of the $2.7 billion SIA Engineering (SGX: S59), there are two things that matter more than anything else: aircraft maintenance and shareholder dividends.sia share price
This is a hidden gem, but it’s worth exploring as an intriguing example of how to do business right.
As most people know, there is a problem with aircraft maintenance in Singapore. It’s a disaster waiting to happen. Flights are cancelled over and over again due to mechanical issues. This problem has been around since the late 1990s. At the time, many airlines like Singapore Airlines were able to use clouds of aeroplanes back up in Japan to ensure they had enough planes to fly from one end of the country to another. But as time went on, this practice was no longer sustainable as clouds would eventually need to be replaced by new ones — a large transport carrier like SIA Engineering (SGX: S59) couldn’t keep flying if it could not maintain its fleet adequately.
In response, SIA Engineering created a partnership with Boeing in Japan that allowed them to fix up old Boeing 747s and replace them with new ones at no cost — this allowed SIA Engineering to fly their aircraft more frequently between Tokyo and Singapore than ever before in history; they were making money hand over fist on it!
When I say “no-cost”, I am talking about no cost for SIA Engineering; Boeing paid for all repairs, modifications and other items that needed doing. They also paid for parts and labour involved in making the planes operational again; however, this is not currently the case anymore because Boeing has sold off its stake in SIA Engineering and its aircraft maintenance business outside of Japan. After all, it lost money on both sides of their partnership deal. There’s also the fact that both parties will have trouble maintaining their relationship in the future because once you sell your entire stake in your business outside of Japan, you have no choice but to leave your partner behind forever! So thanks, Boeing, totally for selling your stake in SIA Engineering even though you lost money on it! And thanks too for selling your stake in this lousy partner since you are now running all your aeroplanes which means you can save more money than ever before!
The crux of why this profit-making partnership works so well is that all parties benefit from every transaction. Both parties get something out of every transaction regardless of whether they make any profit or not.sia share price
How to get started with SIA Engineering:
What is SIA Engineering?
Singapore Airlines (SIA) is one of the largest airlines in the world, with a fleet of over 100 aircraft and an operating segment of over $10 billion. SIA Engineering operates as a wholly-owned subsidiary and is part of the Singapore Government’s Aviation and Aerospace Engineering (A&E) division.
As a part of A&E’s “Make Airports Safer for All” initiative, SIA Engineering works with airport authorities to provide engineering services to enhance safety and security at airports.
Singapore Changi Airport Group Limited (SGX: CAGM) is responsible for operations at Changi Airport. At the same time, SIA Engineering operates as a wholly-owned subsidiary of SGX and maintains its dedicated team, reporting directly to the Chief Executive Officer (CEO).
The two companies share common shareholders through a 51% voting interest each in SGX; however, SGX retains its control over operations at Changi Airport Group.
Singapore Airlines has four divisions in Southeast Asia: Inflight Services, Cargo Services, Business Class and Business Class. That makes for many aircraft flying around that region. Their fleet consists of Airbus A380 aircraft, Boeing 777-300ER aircraft and 787 Dreamliner aircraft.
Singapore Airlines has been in business since 1948 when it was established as Singapore Airways by Sir Richard Beightow. The first plane used by Singapore Airways was an Avro Tudor that landed on 6 January 1948 before being replaced by an Avro Vulcan on 15 June 1948; both planes were delivered from Handley Page Aircraft Company Limited’s factory in Woolston near Southampton in England. In 1962 the airline was renamed Air Asia, which became AirAsia International after opening a new headquarters complex situated atop Serangoon hill opposite Fort Canning Road. The name was changed to Singapore Airways again after its merger with Malaysian Airways in 1997. Singapore Airways has been very successful throughout its history, most likely due to its focus on customer service, especially during times when there were severe weather conditions like severe thunderstorms or typhoons.
Today there are 134 aircraft serving more than 60 destinations across Southeast Asia, including Jakarta – Surakarta – Medan – Penang – Kuala Lumpur – Yangon – Bangkok – Hong Kong / Macau – Dubai / Sharjah – Khobar – Abu Dhabi / Al Ain – Amman / Muscat / Dammam into India through the Middle East.
Solace to the residents of Singapore who have been plagued by the ongoing uncertainty surrounding their government’s plans to relocate the city state’s international airport from one island to another.
The new proposal would see the Port of Singapore (POS) – which currently handles a vast majority of trade between Singapore and global markets – move its facilities from Tuas to Changi, leaving only the city-state’s new international hub at the location currently occupied by Terminal 3 on Sentosa Island.
This is not a plan that locals will embrace, as it is believed that this move could result in a significant loss in income for both businesses and international travellers looking to fly into or out of Singapore via Changi Airport.
That said, there are a few things that we can learn from POS’s history when it comes to managing its fleet and how it can do so well in such an environment. For instance, what made POS so successful? What can we learn from them now? Which countries would like to see such an airport? And most importantly: Will this happen?sia share price