Singapore Airlines holds off launch of new First and Business Class seats
Analysts expect carrier to carry out further cost-cutting, including layoffs
Singapore
SINGAPORE Airlines (SIA) will likely see a delay in the launch of its new First and Business Class seats, which were poised to debut on the Boeing 777-9 in 2022, as the American plane-maker pushes back the entry into service of the 777X jets by a year.
With the travel industry in the doldrums, Singapore's flagship carrier is also in talks with the world's biggest planemakers Airbus and Boeing to postpone taking delivery of new aircraft as it seeks to defer capital expenditure.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prosper Cap halts operations at UK hotel after fire breaks out
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
Banking giants race to Riyadh as MBS steps up pressure campaign
BlackRock, Citadel reap billion-dollar deals from Australia fund
Credit Suisse faces 50 billion won South Korea short-sale fine
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025