Singapore Airlines to cut 17 percent of fleet
Singapore Airlines said Monday it will cut 17 percent of its fleet and is exploring other cost-saving measures amid a global economic slump which has hit travel and cargo demand.
The airline, one of Asia's major carriers, said in a statement that it will decommission 17 passenger aircraft over the financial year from April 2009 to March 2010, and was not ruling out the possibility of deferring plane orders.
Singapore Airlines (SIA) said it had originally planned to decommission four planes before the global downturn hit major markets.
"The drop in air transportation has been sharp and swift," SIA chief executive Chew Choon Seng said in the statement.
Comments