Aviation companies slash prices, waive fees as virus outbreak persists
SATS announces pay cuts for senior staffers; some aviation-related counters have taken a beating in the market
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Singapore
SINGAPORE'S aviation industry is bracing for the Covid-19 outbreak disruption to persist, with companies in the sector implementing pay cuts and slashing flight prices and change fees.
And while analysts have so far viewed the outbreak as a temporary setback for the sector, aviation-related counters such as Singapore Airlines (SIA), SATS and SIA Engineering have taken a beating since the situation escalated in early February.
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