Yes, Singapore Airlines Limited will be launching its own budget airline - more than likely.
The wonderful Chew Choon Seng - CEO of the Airline said that the Group could either launch a new airline from scratch or do nothing. There is little rumour of it doing the latter.
Singapore Airlines completes study of proposed budget carrier
By Katherine Tay, Channel NewsAsia
Singapore Airlines has completed the study on its proposed budget carrier. Vice President of Public Affairs Rick Clements told Channel NewsAsia this in a recent interview.
SIA will decide on the investment by year-end.
One enthusiast for SIA to go into no-frills air service would be DBS Vickers Securities, which notes in its latest research report that a budget carrier's margins are better than even SIA's premium service.
Like it or not, Singapore Airlines will have to put up a tough fight with regional budget carriers.
Malaysia's Air Asia and Indonesia's Lion Air are already seeing brisk ticket sales and both want to quickly expand their network of routes.
On SIA's home turf, ValuAir is set to fly next year.
DBS Vickers Securities thinks SIA should invest in a budget carrier as the no-frills pie will grow.
But SIA is keeping its card close to its chest till next month.
What is clear, though, is that it will need more staff, even without a budget carrier, now that flight capacity is almost back to pre-Sars level.
But it will not be hiring in big numbers.
Mr Clements said: "We've still got a recruitment freeze and that will not be lifted in the near term but we are recruiting selectively and we are looking ahead to staffing requirements and crew requirements, especially in the early months of next year."
SIA says it will continue to hire foreign staff who have the necessary skills and can add value to the organisation.
Anyone can fly, only the best Soar.