Hkg82 From Hong Kong, joined Apr 2002, 1241 posts, RR: 1
Reply 3, posted (11 years 8 months 1 week 4 days 8 hours ago) and read 869 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.
Docpepz From Singapore, joined May 2001, 1967 posts, RR: 3
Reply 5, posted (11 years 8 months 1 week 2 days 9 hours ago) and read 775 times:
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.
Greg From United Kingdom, joined May 2005, 0 posts, RR: 0
Reply 6, posted (11 years 8 months 1 week 2 days 8 hours ago) and read 768 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.