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February 05, 2016 10:09 PM ET

Airlines

Company Overview of SilkAir (Singapore) Private Limited

Company Overview

SilkAir (Singapore) Private Limited provides passenger air transportation services. It operates flights between Singapore, China, India, Indochina, Indonesia, Malaysia, Nepal, and Thailand. 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 Ltd.

371 Beach Road

Unit #17-08

Singapore,  199597

Singapore

Founded in 1975

Phone:

65 6223 8888

Fax:

65 6542 4486

Key Executives for SilkAir (Singapore) Private Limited

Chief Executive and Board Director
Age: 40
Vice President of Operations
Chief Pilot and Vice President
Head of Public Affairs
Acting Senior Vice President for Cabin Crew Operations and Director
Age: 44
Compensation as of Fiscal Year 2015.

SilkAir (Singapore) Private Limited Key Developments

SilkAir Announces Earnings and Traffic Results for the Third Quarter and Nine Months Ended December 31, 2015

SilkAir announced earnings and traffic results for the third quarter and nine months ended December 31, 2015. For the quarter, the company earned an operating profit of SGD 33 million, almost doubling its result a year earlier. In addition to a $13 million reduction in fuel costs, passenger flown revenue was up $10 million from higher carriage, albeit at lower yield (3.5%). These were partially offset by higher staff costs, aircraft depreciation and lease rentals ($9 million) associated with increased capacity. The company reported operating profit of SGD 59 million against SGD 23 million a year ago. For the quarter, passenger carried was 996,000 against 945,000 a year ago. Revenue passenger-km was 1,706.2 million against 1,572.3 million a year ago. Passenger load factor was 71.6% against 72.2% a year ago. Available seat-km was 2,384.5 million against 2,177.7 million a year ago. Passenger breakeven load factor was 64.0% against 68.8% a year ago. For the nine months, passenger carried was 2,862,000 against 2,670,000 a year ago. Revenue passenger-km was 4,865.6 million against 4,417.2 million a year ago. Passenger load factor was 71.4% against 70.6% a year ago. Available seat-km was 6,814.1 million against 6,260.2 million a year ago. Passenger breakeven load factor was 67.9% against 71.3% a year ago.

SilkAir Reports Traffic Results for the Month of November 2015

SilkAir reported traffic results for the month of November 2015. For the month, total capacity was 769.9 million seat-km against 704.5 million seat-km a year ago. Passenger-km was 548.8 million against 499.8 million a year ago. Passengers carried were 319,000 against 300,000 a year ago. Passenger load factor was 71.3% against 70.9% a year ago.

SilkAir, Austrian Airlines and Swiss Forms JV to Operate Key Routes and Expand Codeshare Ties

SilkAir, Austrian Airlines and Swiss, Some of the benefits of the agreement, such as the new codeshare services will be introduced in the coming months. Other elements of the agreement that require additional levels of regulatory approval will be implemented through 2016. Flights between Singapore, and both Frankfurt and Munich are to be operated under revenue-sharing arrangements. New SIA-operated flights between Singapore and Dsseldorf, which are to be launched in July 2016, will also be covered under the agreement. According to the JV, the two airline groups also plan to co-operate in key markets in Europe, Southeast Asia and Australia to provide customers more convenient connections between route networks by offering joint fare promotions, aligning corporate programs and exploring improvements to existing frequent-flyer programs. The expanded codeshare ties will provide SIA passengers with convenient passage to and from points in Austria, Belgium, Germany and Switzerland, via the transfer hubs of Frankfurt, Munich and Zurich, with more than 20 new codeshare routes. Lufthansa and Swiss will in turn codeshare with SIA and SilkAir on more routes in Southeast Asia and the Southwest Pacific. The codeshare co-operation is expected to be expanded further in future.

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