December 06, 2016 8:05 AM ET

Airlines

Company Overview of Singapore Airlines Limited

Company Overview

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services in East Asia, Europe, South West Pacific, the Americas, West Asia, and Africa. The company also offers engineering services, air charters, and tour wholesaling and related services. It also engages in the training of pilots; and provides aircraft maintenance services, including technical and non-technical handling at the airport; airframe maintenance and component overhaul services; and aviation insurance and pilot recruitment services. Further, the company is involved in the manufacture of aircraft cabin equipment and refurbishment of aircraft galleys; provision and marketing of ...

07-E Airline House

25 Airline Road

Singapore,  819829

Singapore

Founded in 1947

24,574 Employees

Key Executives for Singapore Airlines Limited

Chief Executive Officer and Non-Independent Executive Director
Age: 53
Total Annual Compensation: $3.2M
Compensation as of Fiscal Year 2016.

Singapore Airlines Limited Key Developments

Singapore Airlines Announces Traffic Results for the Month of October 2016

Singapore Airlines announced traffic results for the month of October 2016. For the month, Passenger Km (M) were 7,714.6 against 7,960.8 for the same period a year ago. Passenger carried were 1,580,000 against 1,602,000 for the same period a year ago. Passenger load factor was 77.4% against 79.0% for the same period a year ago. Capacity (M seat-km) was 9,966.3 against 10,074.7 for the same period a year ago.

Singapore Airlines Limited Announces Board Changes

Singapore Airlines announced that Peter Seah Lim Huat will succeed Stephen Lee Ching Yen as its non-executive Chairman. Mr. Seah, currently Deputy Chairman, will take over from Mr. Lee as Chairman on 1 January 2017. Mr. Lee will retire from the SIA Board on the same day. He will continue as Chairman of subsidiary SIA Engineering Company. Mr. Lee joined the SIA Board on 26 April 2004 and became Chairman on 1 January 2006. During his time as Chairman, the Airline successfully strengthened ties with its unions and continued to lead the industry in product and service offerings. Mr. Lee also oversaw the transformation of the SIA Group's business model, which has been enhanced through investments in both full-service and low-cost airlines, joint venture airlines in other markets, and new adjacent businesses such as the provision of pilot training. Mr. Seah is Chairman of DBS Group Holdings and DBS Bank Ltd. He is also Chairman of LaSalle College of the Arts Limited and Singapore Health Services.

Singapore Airlines Limited Provides Capital Expenditure Guidance for the Fiscal Year 2018, 2019, 2020, 2021 and 2022

Singapore Airlines Limited provided capital expenditure guidance for the fiscal year 2018, 2019, 2020, 2021 and 2022. For the fiscal year 2018, the company expects capital expenditure of SGD 4,450 million. For the fiscal year 2019, the company expects capital expenditure of SGD 5,450 million. For the fiscal year 2020, the company expects capital expenditure of SGD 4,750 million. For the fiscal year 2021, the company expects capital expenditure of SGD 4,300 million. For the fiscal year 2022, the company expects capital expenditure of SGD 2,700 million.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 15, 2016
Tata SIA Airlines Limited
Buyback
August 1, 2016
--
Private Placement
June 2, 2016
Tata SIA Airlines Limited
 

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