September 25, 2016 7:14 AM ET

Airlines

Company Overview of SilkAir (Singapore) Private Limited

Company Overview

SilkAir (Singapore) Private Limited provides passenger air transportation services. It operates flights between Australia, Cambodia, China, India, Indonesia, Laos, Malaysia, Maldives, Myanmar, Nepal, the Philippines, Thailand, Vietnam, and Singapore. SilkAir (Singapore) Private Limited was formerly known as Tradewinds Pte Ltd. and changed the name to SilkAir (Singapore) Private Limited in April 1992. The company was founded in 1975 and is based in Singapore. SilkAir (Singapore) Private Limited operates as a subsidiary of Singapore Airlines Limited.

Level 1 Arrival Hall

Passenger Terminal Building 2

Changi Airport

Singapore,  819829

Singapore

Founded in 1975

Phone:

65 6223 8888

Fax:

65 6542 4486

Key Executives for SilkAir (Singapore) Private Limited

Chief Executive Officer
Vice President of Finance
Vice President of Operations
Chief Pilot and Vice President
Head of Public Affairs
Compensation as of Fiscal Year 2016.

SilkAir (Singapore) Private Limited Key Developments

SilkAir Reports Unaudited Earnings and Traffic Results for the First Quarter Ended June 30, 2016

SilkAir reported unaudited earnings and traffic results for the first quarter ended June 30, 2016. For the quarter, the company recorded a more than five-fold increase in operating profit (+SGD 22 million) year-on-year. Revenue rose SGD 14 million, boosted by a 12.4% increase in passenger carriage, partially offset by an 8.2% reduction in passenger yield. Despite capacity growth (+12.3%), expenditure contracted by SGD 8 million (-3.6%) and this was largely attributable to lower fuel costs. For the quarter, the company reported passenger carried of 994,000 against 924,000 a year ago. Revenue passenger –km was 1,713.0 million against 1,524.1 million a year ago. Available seat-km was 2,442.2 million against 2,174.9 million a year ago. Passenger load factor was 70.1% against 70.1% a year ago.

SilkAir Signs Codeshare Agreement with Lao Airlines

SilkAir will offer more flights to Laos under a codeshare agreement with Lao Airlines signed on July 27, 2016. The carrier said that from October 31, SilkAir will offer three weekly flights on Mondays, Thursdays and Saturdays from Singapore to the Laotian cities of Vientiane and Luang Prabang. The new service will operate in a circular route and will depart from Singapore for Vientiane, followed by Luang Prabang, before heading back to Singapore.  On the same day that the new service starts, Lao Airlines will also add its – ‘QV’ - airline designator code to selected SilkAir-operated flights between Singapore, Vientiane and Luang Prabang, SilkAir said in the news release.  In turn, SilkAir will add its airline designator code – ‘MI’ - to several Lao Airlines-operated flights between Singapore, Vientiane and Luang Prabang starting September 1, subject to regulatory approval.  In total, the codeshare agreement gives customers a choice of six weekly flights from Singapore to Laos between the two airlines, SilkAir said. Flights will be available for booking on a progressive basis through the SilkAir website, call centres and travel agents in the coming weeks, the carrier added. SilkAir vice president Ryan Pua said the new agreement will allow the airline to promote Laos as an emerging destination more effectively to its network.

SILKAIR Reports Traffic Results for the Month of June 2016

SILKAIR Limited reported traffic results for the month of June 2016. For the month, the company reported passenger capacity of 804.6 million seat-km, passenger-km of 547.7 million, passengers carried of 323,000 and passenger load factor of 68.1% compared to passenger capacity of 758.5 million seat-km, passenger-km of 548.4 million, passengers carried of 334,000 and passenger load factor of 72.3% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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