Manufacturing Industry
Singapore Airlines CEO wants industry to consolidate
Airline Industry Information, July 11, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
The airline industry needs to consolidate, according to the Singapore Airlines CEO Chew Choon Seng.
The industry will need to consolidate as the continued increase in oil prices is reducing profits, Chew said. Singapore Airlines and Qantas Airways are discussing shared maintenance facilities for the Airbus A380 aircraft, the chief executive told the Australian Nine Network's programme 'Business Sunday'.
Yeo Cheow Tong, Singapore's transport minister, said however that it is unlikely that the two airlines will consider a merger inthe current regulatory situation.
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COPYRIGHT 2005 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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