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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. (RTTNews) - The Singapore Airlines Group said it needs to cut around 4,300 positions across Singapore Airlines, SilkAir and Scoot. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. Singapore Airlines Group includes Singapore Airlines, Silk Air and Scoot. Transport Minister Ong Ye Kung said last week that even at its peak, transfer and transit passengers only accounted for at most a third of total Changi passenger traffic. Transit passengers from Vietnam and Cambodia are expected to begin arriving soon. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Another way to prevent getting this page in the future is to use Privacy Pass. Experts have said that while the reopening of borders to transit passengers will help the SIA Group, the impact will be limited, given that demand for air travel is still low at the moment, with several countries still struggling to control the pandemic. We will conduct this process in a fair and respectful manner, and do our best to ensure that they receive all the necessary support during this very trying time," Singapore Airlines CEO Goh Choon Phong said. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Do Not Sell My Personal Information (CA Residents Only).
Cloudflare Ray ID: 5ddb0c14c8161476 • This means leisure travelers from such countries will be exempted from having to serve a 14-day quarantine on arrival, and vice versa. Airbus A380 of Singapore Airlines docked in Hong Kong Airport. (Shutterstock/Sorbis). Singapore Airlines (SIA) Group will cut around 4,300 positions across its three airlines as it continues to grapple with the impact of the COVID-19 pandemic, it announced on September 10. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i (RTTNews) - The Singapore Airlines Group said it needs to cut around 4,300 positions across Singapore Airlines, SilkAir and Scoot. The Civil Aviation Authority of Singapore approves the program, noted the spokesperson. The SIA Group had earlier received approval to fly transit travelers from some other countries, including Australia, China, Italy and Switzerland. Your IP: 100.20.161.90 The five countries are the first from the region whose passengers the Civil Aviation Authority of Singapore has allowed to transit here after border restrictions were slightly eased on June 2. © 2020, Nasdaq, Inc. All Rights Reserved. Changi Airport Group told The Straits Times in early July that it had handled more than 10,000 transit passenger movements in slightly over one month since the gradual resumption of transit passenger traffic, "though these still remain at very low levels compared with pre-COVID-19". Transit passenger traffic to Singapore had stopped in late March after the Government announced a ban on short-term visitors to reduce the risk of importing COVID-19 cases. It says it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21 versus pre-Covid levels. To revive the ailing local airlines and airport, Mr Ong suggested that Singapore could consider introducing reciprocal green lanes at Changi Airport for tourists from countries where the COVID-19 situation is similar to or better than that in Singapore. Your premium period will expire in 0 day(s), Singapore Airlines, SilkAir offer cabin crew early release, retirement. Yes! Performance & security by Cloudflare, Please complete the security check to access. The flag carrier was off to a rocky start this year, just like any other airline. "The next few weeks will be some of the toughest in the history of the SIA Group as some of our friends and colleagues leave the company. Singapore Airlines raises $8bn. After taking into account a recruitment freeze, natural attrition, and the take up of voluntary departure schemes, the potential job cuts across the Group may be reduced to around 2,400 in Singapore and across the Group's overseas stations. After taking into account a … Singapore Airlines said this decision was taken in light of the long road to recovery for the global airline industry due to the debilitating impact of the Covid-19 pandemic. It reported its first financial loss in history, at $149m for the year ended March 2020. )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. These Southeast Asian destinations were major transit markets for the SIA Group prior to the COVID-19 pandemic, which has wiped out air travel. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. After taking into account a recruitment freeze, natural attrition, and the take up of voluntary departure schemes, the potential number of staff impacted will be reduced to about 2,400 in Singapore and in overseas stations.
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