Aviation
SIA rescues flailing Tigerair with $202.6m share conversion scheme
SIA rescues flailing Tigerair with $202.6m share conversion scheme
It now holds a 56% stake in Tigerair.
Profit turnaround still a long way away for floundering Tigerair
SIA’s profitability will continue to suffer.
SIA reconciles business-class tickets mistakenly sold at economy prices
Affected tickets were trips between Singapore and Europe.
Mayday, mayday: Singapore’s airlines still in the red
As competition intensifies and yields remain depressed.
Turbulent skies to persist for struggling SIA Engineering in 2015
Intense competition and high staff costs are to blame.
Distress call: Why lower oil prices can’t rescue struggling SIA
Overcapacity remains the main overhang.
Tigerair shareholders approve sale of Australia stake, $234m rights issue
Over 1 billion new shares will be issued.
ST Aerospace injects $26m into Xiamen-based STATCO
Its total contribution now stands at $55.7m.
Passenger traffic at Changi Airport inched up 1.9% in October
Thanks to a boost from South Asia.
SATS struggles for growth amid weak industry outlook
The weak yen is another cause for concern.
Yoma inks deal to overhaul Mandalay Airport
Two other deals were also revealed.
SATS’ Q2 profit down 3.3% as cost pressures mount
Headwinds will persist in the near term.
ST Engineering hits rock bottom on back of massive restructuring costs in Q3
Can a turnaround happen next quarter?
ST Engineering profits slide 10% on lacklustre aviation business
Europe’s weak economy is not helping.
SIA’s profit nosedived 43.4% in Q2 after TigerAir crashed into the red
But a reprieve is on the way as oil prices plunge.
SIA Engineering profits take a 40.7% nosedive in 2Q15
No thanks to fewer aircraft checks.
SIA Engineering’s Q3 profit crashed 40.7% to $42.1m in Q3
Revenue also slipped 3%.
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