Bigbird Posted June 3, 2021 Share Posted June 3, 2021 Why is SIA taking delivery of 28 new planes this financial year amid Covid-19? Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 Published June 03, 2021 Updated June 03, 2021 Singapore Airlines has long had one of the industry’s most aggressive fleet modernisation programmes, rolling over nearly its entire fleet every 15 years. TODAY file photo Singapore Airlines has long had one of the industry’s most aggressive fleet modernisation programmes, rolling over nearly its entire fleet every 15 years. Most Southeast Asian airline groups have cut aircraft deliveries to a trickle in order to reduce expenditure and capacity amid extremely weak market conditions. However, Singapore Airlines (SIA) Group is a major exception and plans to take delivery of 28 new aircraft in its current fiscal year which runs from April 1, 2021 to March 31, 2022. SIA has long had one of the industry’s most aggressive fleet modernisation programmes, rolling over nearly its entire fleet every 15 years. On average it took delivery of about 22 new aircraft per annum in the five fiscal years prior to the pandemic. So the 28 new planes it plans to take delivery of in the current fiscal year has raised some eyebrows, given the current environment and how competitors have responded to the pandemic by delaying most new aircraft deliveries. Why is SIA making such a move and what are the implications for the company? Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 2 Link to comment Share on other sites More sharing options...
The_King Posted June 3, 2021 Share Posted June 3, 2021 dont worry, the fund can last till 2023 1 Link to comment Share on other sites More sharing options...
Bigbird Posted June 3, 2021 Author Share Posted June 3, 2021 Quote However, in the year ending March 2022, SIA will likely account for over half of all commercial aircraft delivered in Southeast Asia. AirAsia Group, which was initially planning to take over 50 aircraft in 2021, has suspended all deliveries while Lion Group, which had similarly ambitious fleet plans prior to the pandemic, will take only a few new aircraft. Several other airline groups in Southeast Asia are not planning to take delivery of any new aircraft over the next year. Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 Quote AirAsia has not taken any aircraft since the start of the pandemic while Lion has taken just two aircraft. Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 1 1 Link to comment Share on other sites More sharing options...
Bigbird Posted June 3, 2021 Author Share Posted June 3, 2021 Quote Suppliers have been relying on SIA to make good on its pre-pandemic commitments, resulting in SIA indirectly subsidising other airline groups in the region that are unable to pay their bills or take delivery of aircraft they had committed to prior to Covid-19. Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 Quote While some competitors have reduced aircraft capital expenditure to nearly zero, SIA is still spending S$3.7 billion in aircraft capital expenditure for this financial year. The S$2.8 billion SIA spent on aircraft capital expenditure in the last financial year was also significantly more than many of its regional competitors. Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 1 1 Link to comment Share on other sites More sharing options...
Bigbird Posted June 3, 2021 Author Share Posted June 3, 2021 Quote Beyond the current fiscal year, SIA Group has outstanding orders for another 119 aircraft, including 52 from Airbus and 67 from Boeing, that will be delivered over the next several years. SIA’s fleet currently consists of 176 aircraft but around 50 are not in service — including six 737 MAX 8s that have not operated since March 2019, when the model was grounded globally following two crashes, while the remainder have been grounded for commercial reasons since the start of the pandemic. Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 Quote SIA Group passenger traffic was less than 4 per cent of pre-Covid levels in April and will likely remain at about this level through at least the first half of this financial year. Read more at https://www.todayonline.com/commentary/why-sia-taking-delivery-28-new-planes-financial-year-amid-covid-19 1 1 Link to comment Share on other sites More sharing options...
Bigbird Posted June 3, 2021 Author Share Posted June 3, 2021 Heng ah never buy SIA shares! 2 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted June 4, 2021 Share Posted June 4, 2021 i look at the headline figures, alrdy know when the cash burn come from liao. no need this mediacorp mouthpiece to tell me. song bo, sia shareholders????? ur sia management no balls to stand up against amdk planemakers. wahahahahahha 2 Link to comment Share on other sites More sharing options...
The_King Posted June 4, 2021 Share Posted June 4, 2021 6 minutes ago, socrates469bc said: i look at the headline figures, alrdy know when the cash burn come from liao. no need this mediacorp mouthpiece to tell me. song bo, sia shareholders????? ur sia management no balls to stand up against amdk planemakers. wahahahahahha let me tell you a story A can only bully B, then A get bullied CDEFGHIJKLMNOPQRSTWXYZ a full circle 2 Link to comment Share on other sites More sharing options...
aaur4man Posted June 4, 2021 Share Posted June 4, 2021 no wonder burning so fast. take delivery Liao park in Aussie again? maintenance how? plane solid state ah no need any maintenance 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted June 4, 2021 Share Posted June 4, 2021 1 hour ago, aaur4man said: no wonder burning so fast. take delivery Liao park in Aussie again? maintenance how? plane solid state ah no need any maintenance sia still have to pay for parking lot and bare essential maintenance. song bo, sia shareholders?????? huat ah, oz aircraft engineers!!!!! https://www.techforftcp.com/2020/10/airplane-parking-lot-in-middle-of-nowhere-has-never-been-busier-asia-pacific-aircraft-storage-facility-australia-parking-crisis-at-airports-no-flight.html https://www.bbc.com/news/business-54335931 1 1 Link to comment Share on other sites More sharing options...
The_King Posted June 4, 2021 Share Posted June 4, 2021 1 hour ago, socrates469bc said: sia still have to pay for parking lot and bare essential maintenance. song bo, sia shareholders?????? huat ah, oz aircraft engineers!!!!! https://www.techforftcp.com/2020/10/airplane-parking-lot-in-middle-of-nowhere-has-never-been-busier-asia-pacific-aircraft-storage-facility-australia-parking-crisis-at-airports-no-flight.html https://www.bbc.com/news/business-54335931 oz is like, hey Sg buy new plane just to park here 3 Link to comment Share on other sites More sharing options...
Bigbird Posted June 4, 2021 Author Share Posted June 4, 2021 3 hours ago, socrates469bc said: sia still have to pay for parking lot and bare essential maintenance. song bo, sia shareholders?????? huat ah, oz aircraft engineers!!!!! https://www.techforftcp.com/2020/10/airplane-parking-lot-in-middle-of-nowhere-has-never-been-busier-asia-pacific-aircraft-storage-facility-australia-parking-crisis-at-airports-no-flight.html https://www.bbc.com/news/business-54335931 Thats why Sg 4G wants to open economy ASAP! SIA planes must fly, fuel must burn, Ceca must come! 2 Link to comment Share on other sites More sharing options...
The_King Posted June 4, 2021 Share Posted June 4, 2021 4 minutes ago, Bigbird said: Thats why Sg 4G wants to open economy ASAP! SIA planes must fly, fuel must burn, Ceca must come! let me tell you a story hooker got STD body got rash, you think which healthy person dare to enter? only those got STD like the hooker then dare 3 Link to comment Share on other sites More sharing options...
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