SilkAir planes to get cabin upgrades as carrier merges with Singapore Airlines

SilkAir planes to get cabin upgrades as carrier merges with Singapore Airlines

Speaking at the carrier's results briefing, Mr Goh also said the merger between Singapore Airlines and SilkAir is not a "consolidation exercise".

SilkAIr's Boeing 737 MAX 8.

More than $100 million will be invested to upgrade SilkAir's cabins with new lie-flat seats in Business Class, and install seat-back in-flight entertainment systems in both Business Class and Economy Class.

The carrier is expected to begin upgrading its cabins in 2020, with the merger between Silkair and Singapore Airlines expected to follow after a "sufficient number of aircraft" have been retrofitted with the new products.

Consistent with ongoing efforts to optimise the group's network, there will also be transfers of routes and aircraft between the different airlines in the portfolio.

"Importantly, it will be positive for customers". It underwent a major brand revamp into its current incarnation in 1992, and today operates short and medium-haul routes across 49 destinations in 16 countries. It launched in 1989 as Tradewinds the Airline and was focused on holiday destinations in Southeast Asia.

A strong fourth quarter marked a turnaround from a year ago, when an operating loss by its flagship full-service airline led the company to launch a three-year transformation programme created to cut costs and boost revenue amid competition from Chinese and Middle Eastern rivals and low-priced carriers.

The news came as the SIA Group posted a net profit of $S893 million for the 2017-18 financial year, up 148.1 percent on the same period last year.

Passenger flown revenue was up 3.6 percent to $S428 million as traffic growth (+6.3%) outpaced the decline in passenger yield (-3.1%).

Operating profits at the parent airline were up $S703 million to $386 million, while SIA Cargo soared from $S3 million to $S148 million.

However, it remained characteristically cautious in its outlook.

However, it warned of pressures from intense competition, costs and rising fuel prices despite strong bookings for the coming months and a continued stabilisation in airfares.

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