singapore airlines-unspn adr (SINGY) Key Developments
Singapore Airlines In Talks To Acquire Jeju
Mar 16 15
Singapore Airlines Limited (SGX:C6L) is in talks to acquire Jeju Air Co., Ltd. Singapore Airlines Limited and Jeju Air Co., Ltd. said they were in talks about a possible investment, but that nothing had been decided.
Singapore Airlines Mulls Equity Investment Into Jeju Air
Mar 16 15
Singapore Airlines Limited (SGX:C6L) is in talks to acquire Jeju Air Co., Ltd. AK Holdings, Inc. (KOSE:A006840) said Singapore plans to acquire 20% stake in Jeju Air.
Cotchett, Pitre & McCarthy LLP and Hausfeld, LLP Provides Update of Settlement of Class Action Lawsuit Involving Price of Airline Tickets
Mar 9 15
Settlements have been reached with eight airlines in a class action lawsuit involving the price of airline tickets. The Settling Defendants are: Air France; Cathay Pacific; Japan Airlines; Malaysian Airlines; Qantas; Singapore Airlines; Thai Airways; and Vietnam Airlines. The lawsuit continues against five Non-Settling Defendant airlines: Air New Zealand; All Nippon Airways (ANA); China Airlines (Taiwan); EVA Airways; and Philippines Airlines. The lawsuit claims that the Defendants agreed to fix prices on tickets for transpacific air travel. As a result, ticket purchasers may have paid more than was necessary. The Settling Defendants deny the allegations, and deny that they have any liability. The Defendant airlines also deny liability, although ANA has pled guilty to fixing the prices of certain discounted tickets. Purchasers are included if: they bought a ticket for air travel from one of 26 airlines; the ticket included at least one flight segment between the U.S. and Asia or Oceania; and the purchase was made between January 1, 2000 and the present. The Settling Defendants have agreed to pay $39,502,000. Money will not be distributed yet, and will be distributed pursuant to a Plan of Allocation approved by the Court. Class Counsel will pursue the lawsuit against the Non-Settling Defendants.
Singapore Airlines Limited Presents at Bank of America Merrill Lynch 2015 ASEAN Conference, Mar-02-2015
Feb 27 15
Singapore Airlines Limited Presents at Bank of America Merrill Lynch 2015 ASEAN Conference, Mar-02-2015 . Venue: The Fullerton Hotel Singapore, 1 Fullerton Singapore, Singapore 049178, Singapore.
Singapore Airlines Ltd. Announces Operating Results for the Month of January 2015
Feb 16 15
Singapore Airlines Ltd. announced operating results for the month of January 2015. For the month, the company reported capacity (seat-km) was 10,219.5 million compared to 10,267.0 million a year ago. Passenger-km of 7,814.1 million compared to 8,116.6 million a year ago. Passengers carried were 1,525,000 compared to 1,553,000 a year ago. Passenger load factor was 76.5% compared to 79.1% a year ago. Overall load factor was 66.2% compared to 68.1% a year ago. Overall capacity (tonne-km) was 1,910.1 million compared to 1,913.0 million a year ago. Overall load carried (tonne-km) was 1,263.9 million compared to 1,302.3 million a year ago.