SIA Bleeds

[Xisiqomelir]

Nonsense to you maybe but not to others. Do you think it is so easy to start another new carrier? Maybe you should ask around if you think so.

They don't start from ground zero you insufferable cretin. The current company flogs off what few productive assets they have to a new holding company then pays off their creditors maybe 40 cents to the dollar. Then the new company uses exactly the same assets and terminal holdings to carry out exactly the same operation with a "new" airline. They could even call it...Singapore International Airlines!

If restructuring a bankruptcy to move aircraft and staff contracts from one fictitious legal entity to another fictitious legal entity is too much for the PAPpies to comprehend no wonder the national productivity is falling to shit. Even the m&ds can pull it off:

 

[Loofydralb]

SG govt would be wise to cut SIA loose. It will continue to bleed because there is no light and there is no tunnel.

The billions that is used to rescue SIA can be better utilised for social needs at the current moment. Sell those SIA assets and sell SIA to the highest bidder.

The timeline for the travel industry to recover is at least 3 years. Enough time to retrain those cocky pilots into bus/lorry/waste/mrt drivers. And aircraft engineers can be redeployed into the engineering industries as technicians. To name them engineers are a misnomer as their jobs are to decide which parts to replace and monitor maintenance schedule. Both overpaid.

Oh forgot to mentioned. If you worked for SIA and got retrenched/laid off/cut pay/asked to be ambassadors at mrt and still you voted for PAP, then you deserved this fate of yours. You WILL be cut loose. There is no 2 ways about it. The top need to survive and you are the dumb ones giving them their lifeline.

 

[laksaboy]

This one confirm virgin, as far as SIA girls are concerned.

 

[syed putra]

They don't start from ground zero you insufferable cretin. The current company flogs off what few productive assets they have to a new holding company then pays off their creditors maybe 40 cents to the dollar. Then the new company uses exactly the same assets and terminal holdings to carry out exactly the same operation with a "new" airline. They could even call it...Singapore International Airlines!

If restructuring a bankruptcy to move aircraft and staff contracts from one fictitious legal entity to another fictitious legal entity is too much for the PAPpies to comprehend no wonder the national productivity is falling to shit. Even the m&ds can pull it off:

You mean like this?

On 1 April 2002 former regional subsidiary Crossair renamed itself Swiss International Air Lines and took over most of Swissair's routes, planes and staff. Today, Swissair Group still exists and is in the process of being liquidated. Swiss International Air Lines was taken over by the German airline Lufthansa in 2005.[5]

 

[Loofydralb]

Nonsense to you maybe but not to others. Do you think it is so easy to start another new carrier? Maybe you should ask around if you think so.

Its easy. Just look at MAS. Went bankrupt and retained the name and resumed with a clean slate. Albeit, mismanaged again.

 

[red amoeba]

SilkAir will be the first to go. They are stuck in the middle neither here nor I market positioning. SIA has a baggage. It cannot cheapen its product offering given COVID means ally of premium high touch service is now not possible. Interesting times.if they wield the axe the impact is great. More additions to the FL Dome.

 

[Xisiqomelir]

You mean like this?

On 1 April 2002 former regional subsidiary Crossair renamed itself Swiss International Air Lines and took over most of Swissair's routes, planes and staff. Today, Swissair Group still exists and is in the process of being liquidated. Swiss International Air Lines was taken over by the German airline Lufthansa in 2005.[5]

Yes it's the natural order of business.

Governments interfering to create an unnatural outcome can work up to a point, but eventually the economic gravity will overwhelm them.

 

[ckmpd]

SG govt would be wise to cut SIA loose. It will continue to bleed because there is no light and there is no tunnel.

The billions that is used to rescue SIA can be better utilised for social needs at the current moment. Sell those SIA assets and sell SIA to the highest bidder.

The timeline for the travel industry to recover is at least 3 years. Enough time to retrain those cocky pilots into bus/lorry/waste/mrt drivers. And aircraft engineers can be redeployed into the engineering industries as technicians. To name them engineers are a misnomer as their jobs are to decide which parts to replace and monitor maintenance schedule. Both overpaid.

Oh forgot to mentioned. If you worked for SIA and got retrenched/laid off/cut pay/asked to be ambassadors at mrt and still you voted for PAP, then you deserved this fate of yours. You WILL be cut loose. There is no 2 ways about it. The top need to survive and you are the dumb ones giving them their lifeline.

SIA is strategically important to SG. It will ferry food and other essential goods to SG when no others want to do it. The mistake pap did was to sell NOL. PAP must not make the same mistake. PAP has mismanaged Singapore badly. Look at Changi Business Park, look at Mandarin Gardens, Look at Melville condo,

 

[syed putra]

Its easy. Just look at MAS. Went bankrupt and retained the name and resumed with a clean slate. Albeit, mismanaged again.

MAS has airasia to compete with in the asian route.
Plus the two incidents made it difficult to win back customers.
On th

e kangaroo route, brunei air carried more passengers than MAS.

 

[ckmpd]

SilkAir will be the first to go. They are stuck in the middle neither here nor I market positioning. SIA has a baggage. It cannot cheapen its product offering given COVID means ally of premium high touch service is now not possible. Interesting times.if they wield the axe the impact is great. More additions to the FL Dome.

Silk Air and SCOOT are in deep trouble. Pilots and air stewardesses are in trouble

 

[ckmpd]

MAS has airasia to compete with in the asian route.
Plus the two incidents made it difficult to win back customers.
On thView attachment 87480e kangaroo route, brunei air carried more passengers than MAS.

No one shd fly MAS for safety reasons, Cheaper air fare is not a good reason to fly MAS

 

[Loofydralb]

SIA is strategically important to SG. It will ferry food and other essential goods to SG when no others want to do it. The mistake pap did was to sell NOL. PAP must not make the same mistake. PAP has mismanaged Singapore badly. Look at Changi Business Park, look at Mandarin Gardens, Look at Melville condo,

Chartered flights are dirt cheap during crisis. So your point that SIA is strategic is false.

I agree NOL was mismanaged but I disagree that they should not have sold it. It was bleeding and should be cut loose. But look at our ports today. They are even busier nowadays without NOL. So selling off SIA is a double benefit. It will save our money for better use while SIA no doubt will have to operate out of Changi, but the airlines that fly through will not be affected.

SELL SIA BEFORE ITS TOO LATE

 

[Leongsam]

If countries had not imposed all these ridiculous measures in a futile attempt to stem to spread everything would be back to normal by now.

 

[ckmpd]

Chartered flights are dirt cheap during crisis. So your point that SIA is strategic is false.

I agree NOL was mismanaged but I disagree that they should not have sold it. It was bleeding and should be cut loose. But look at our ports today. They are even busier nowadays without NOL. So selling off SIA is a double benefit. It will save our money for better use while SIA no doubt will have to operate out of Changi, but the airlines that fly through will not be affected.

SELL SIA BEFORE ITS TOO LATE

You dont understand strategic value. In times of crisis, money may not buy you food or get you flights. If Singapore doesnt have its own sea or air assets, even if SG can buy food, no one may want to transport the food for you

 

[maxxi]

SIA business travel/front end is their main revenue driver.

This sector is finished wont recover as business realize can Zoom their conferences as its not worth the risk

And don't depend on magic of a vaccine...takes 6 months between 2 jabs and not even test for safety yet!

 

[syed putra]

On 1 April 2002 former regional subsidiary Crossair renamed itself Swiss International Air Lines and took over most of Swissair's routes, planes and staff. Today, Swissair Group still exists and is in the process of being liquidated. Swiss International Air Lines was taken over by the German airline Lufthansa in 2005.[5]

Yes it's the natural order of business.

Governments interfering to create an unnatural outcome can work up to a point, but eventually the economic gravity will overwhelm them.

But lufthansa itself just received €9bil in bailout. I suppise they will have to pay back that money.

 

[ckmpd]

Chartered flights are dirt cheap during crisis. So your point that SIA is strategic is false.

I agree NOL was mismanaged but I disagree that they should not have sold it. It was bleeding and should be cut loose. But look at our ports today. They are even busier nowadays without NOL. So selling off SIA is a double benefit. It will save our money for better use while SIA no doubt will have to operate out of Changi, but the airlines that fly through will not be affected.

SELL SIA BEFORE ITS TOO LATE

I agree with you abt selling SIA now. But SG govt wont let SIA go bankrupt the way it did to NOL. So SIA wont die for the foreseeable future. I am waiting to buy SIA when it drops further

 

[ckmpd]

SIA business travel/front end is their main revenue driver.

This sector is finished wont recover as business realize can Zoom their conferences as its not worth the risk

And don't depend on magic of a vaccine...takes 6 months between 2 jabs and not even test for safety yet!

SIA will bleed for the next few yrs

 

[syed putra]

If countries had not imposed all these ridiculous measures in a futile attempt to stem to spread everything would be back to normal by now.

The way i see it, its going to get worse.borders won't open anytime soon. Pubs remain half empty.

 

[ckmpd]

But lufthansa itself just received €9bil in bailout. I suppise they will have to pay back that money.

Most airlines are in financial distress