Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Report: Gov't May Sell Singapore Air  
User currently offlineKeesje From , joined Dec 1969, posts, RR:
Posted (12 years 3 months 4 weeks 6 hours ago) and read 1038 times:

SINGAPORE (AP) - Singapore transport minister said the government may sell it's majority stake in Singapore Airlines, newspapers reported Sunday.

The government could sell its 56.8 percent stake in the airline if there were good reasons to do so, Singapore Transport Minister Yeo Cheow Tong was quoted as saying in the Straits Times.

"The key thing is how do we make sure that as many airlines as possible fly into Singapore?" said Yeo. "If other airlines can do it better than our own airline, so be it."


This may also lead to Singapore Airlines learning to make more rational trade-offs in service. It is not so difficult to offer a great product when big brother is paying the bills....

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020630/ap_on_bi_ge/singapore_airlines_1

Reality will land at Singapore Airlines, bills will have to be paid with Money instead of Pride... a tough learning experience for them.


View Large View Medium
Click here for bigger photo!

Photo © Jason Milligan



7 replies: All unread, jump to last
 
User currently offline'Longreach' From Australia, joined Jul 2001, 505 posts, RR: 0
Reply 1, posted (12 years 3 months 4 weeks 1 hour ago) and read 977 times:

Interesting... so who would buy it?
and around how much for?


User currently offlineKeesje From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 3 months 3 weeks 6 days 23 hours ago) and read 951 times:

IMO it might be SQ's entry into the real world ... Aggressive stock holders asking quick ROI ...

Who could buy (part of the) the stake ? LH, AXA, BA ?

Man, this must be a culture shock for some a.net / airlinequality.com members ...


User currently offlineHkg82 From Hong Kong, joined Apr 2002, 1305 posts, RR: 1
Reply 3, posted (12 years 3 months 3 weeks 6 days 21 hours ago) and read 947 times:

SQ is an asset for the Singapore Government and if they sell them they're going to get a fuckload of cash. The economic liberalization isn't just taking place in the aviation sector, but in other industries as well, such as shipping (as the article states). If Singapore wants to compete with Hong Kong & improve its competitiveness in industries where it maintains a leading edge, as they're no longer reliant on manufacturing, then this is the way to go.

Hkg82.


User currently offlineMarara From Australia, joined Oct 2001, 678 posts, RR: 0
Reply 4, posted (12 years 3 months 3 weeks 5 days 9 hours ago) and read 898 times:

wouldnt it be funny if BA or QF bought into SQ. wouldnt that cause a rukus !!! lol doubt it.

Comments.... Big grin



I like work: it fascinates me. I can sit and look at it for hours. Jerome K Jerome
User currently offlineDocpepz From Singapore, joined May 2001, 1971 posts, RR: 3
Reply 5, posted (12 years 3 months 3 weeks 4 days 22 hours ago) and read 853 times:

Keesje

for your information, SIA does not receive ANY subsidies from the Singapore govt. It does not receive any special treatment at Changi airport and has to to pay the full service fees as ANY airline flying into Changi does.

When SIA in the seventies asked the govt for money to buy some jumbos, the govt said NO. They have had a tough learning experience. Their former chairman JY Pillay built up the airline from SCRATCH. No help from outside whatsoever. THe govt only held a stake in them through an investment company called Temasek Holdings Private Limited, but SIA employees are not on the govt payroll. It's been SIA that has been giving the govt money, and not the other way round.

THey have continously made a profit anyway since their coming into existence. So please cut your sweeping statements thank you. A little knowledge is always a dangerous thing.


User currently offlineGreg From United Kingdom, joined May 2005, 0 posts, RR: 0
Reply 6, posted (12 years 3 months 3 weeks 4 days 22 hours ago) and read 846 times:

Actually, their loans are quaranteed by the Singapore gov't which is quite astute at negotiating favorable terms. To say SIA has not recieved gov't help is ridiculous..it's practically their chosen intrument for goodwill worldwide.

These favorable terms could evaporate should they go private. Those A380's may be a bit more costly to run than originally thought...

On the plus side, any business would envy SIA's cash flow...their strongest asset.

Source: Senior Lending Officer, Credit Lyonnaise


User currently offlineJubilee777 From Singapore, joined May 1999, 528 posts, RR: 1
Reply 7, posted (12 years 3 months 3 weeks 4 days 6 hours ago) and read 813 times:

Simple Calculations:

1% of SIA stock : 13,038,000
25% : 325,950,000
Price: est. S$12000 per 1,000 shares

25%: S$3.9114Billion = US$2.2Biliion

J777


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Singapore Air May Cancel 9 X A380 Order/LoI posted Wed Oct 18 2006 09:58:20 by PanAm_DC10
Kenya Airways Update - Singapore Air To Nairobi posted Mon Mar 19 2007 00:58:14 by 787KQ
Singapore Air Select RR For Their A330s posted Fri Nov 3 2006 10:13:41 by PanAm_DC10
News Report - Qantas May Sue Airbus posted Tue Jul 4 2006 13:44:57 by Jetfuel
Singapore Air Sweet Deal Fare Code? posted Fri Feb 24 2006 20:51:28 by Gkpetery
Singapore Air Selects Boeing? posted Fri Dec 23 2005 15:46:23 by Heavierthanair
SAS 'may Sell 20% Stake' In BMI posted Tue Nov 15 2005 14:32:26 by 7LBAC111
Report: Allegiant May Replace TMA On BLV-SFB posted Tue Oct 4 2005 20:13:07 by FATFlyer
Singapore Air Profit Could Fall- Fuel Costs Weigh posted Wed Jul 27 2005 07:33:55 by Jacobin777
Singapore Air/Qantas To Merge? posted Mon Jun 20 2005 03:43:49 by Cyclonic