SINGAPORE) Faced with the worst operating environment in years, Singapore Airlines (SIA) will slash capacity 11 per cent and has started talking to unions about cutting staff costs.
The airline said yesterday it will decommission 17 aircraft from its fleet of 104 this financial year. This is a big increase from the four planes it planned to remove from service - one B747-400 for conversion to a freighter and three B777-200s to be returned to lessors on completion of lease contracts.
This is the first time SIA has decommissioned aircraft since the downturn brought on by Sars in 2003-2004.
Full Article :Business Times
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