Singapore Airlines wrote off 26 aircrafts

Created on 17.11.2020 10:41

Under the route revision program, seven Airbus A380 aircrafts, as well as 19 other Airbus and Boeing aircrafts will be withdrawn from the Singapore Airlines (SIA), as reported by Aviation Week.

The group's lead carrier has also implemented another three-year restructuring plan, aimed at overcoming the crisis caused by the COVID-19 pandemic, resulting in suffered losses of company in the first half of the financial year amounted to S$ 3.47 billion ($ 2.5 billion). Following the aircraft decommissioning, twenty seven В-777-300ERs will be remained at the SIA fleet, two of which have recently been converted to a cargo version by removing passenger seats. According to SIA, 33 passenger aircrafts are currently used for cargo transportation, including two narrow-body A320s from the Scoot fleet.

Over first six months of 2020, the company has lost $ 2.5 billion against a profit of $ 148 million in the same period previous year. Nevertheless, SIA provides a standard level of liquidity, exceeding the beginning of the year. In addition, SIA has launched several non-aeronautical revenue projects, including Kris +, a multiple digital platform complementing the KrisFlyer loyalty program, the KrisShop online store and on-board shopping platform.

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