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SIA
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SIA revived
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Trader130
Supreme |
11-Aug-2020 08:17
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  will Temasek buyback SIA 😄 😄 😃  
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wolverine23
Supreme |
11-Aug-2020 07:41
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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Haha. All our money via taxes are already sunk in without permission here. Expect more taxpayers funds to bleed into SIA.
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investor999
Elite |
11-Aug-2020 07:39
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When we took up the rights and you short the share price down forcing some of us to sell..This is bullying.
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Trader130
Supreme |
11-Aug-2020 07:38
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Bullied in the pocket from BB and shortie 
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Trader130
Supreme |
11-Aug-2020 07:36
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Current price bullied Liao 😂
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humbleman
Senior |
11-Aug-2020 07:20
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I think buying stocks have never been about national pride. Its all profits  | ||||
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investor999
Elite |
11-Aug-2020 07:13
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Singapore are a resilient and will not be bullied!
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ssw518
Supreme |
11-Aug-2020 04:50
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now that they started to take pay cut. time to look into the implcation from loan interest. anyone know how much interest incur from the 12 billion every month or qtr? | ||||
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ffff152100ffff
Master |
11-Aug-2020 03:32
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Cannot be everyday drown, tomorrow will be cow Market... | ||||
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Trader130
Supreme |
10-Aug-2020 23:25
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Do not listen , Do not Contra ,Do not CFD 😂
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Starship
Supreme |
10-Aug-2020 22:59
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![]()
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ffff152100ffff
Master |
10-Aug-2020 22:48
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Tomorrow will be cow Market | ||||
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Trader130
Supreme |
10-Aug-2020 22:18
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End October pick up .. now till October still can wait a little while for it to drop
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t0RNAD0
Member |
10-Aug-2020 21:32
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Temasek walk away from keppel take over, should have enough cash for sia to continue to bleed
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uiop1223
Supreme |
10-Aug-2020 21:30
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On what basis?
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ffff152100ffff
Master |
10-Aug-2020 21:01
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Tomorrow SIA should be up alot... | ||||
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SAVIORFOREVER
Supreme |
10-Aug-2020 18:19
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Good deal?
Trade with ? and DYODD |
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uiop1223
Supreme |
10-Aug-2020 18:11
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I got MCBs. Interest is payable when they redeemeed. If not redeem at end of 10yrs, every $1000 MCBs will worth approx $1850 and this $1850 will be used to convert into SIA shares.
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Goldfinger
Supreme |
10-Aug-2020 16:35
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This is good news - now need to retrench staff and cut pay of Pilots and management staff.
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Joelton
Supreme |
10-Aug-2020 16:29
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6,000 SIA Group staff take no-pay leave, so firm can cope with crisis
More than 1,700 staff also sign up for volunteer positions and jobs in external organisations
 
More than 6,000 of the 27,000 staff from the Singapore Airlines (SIA) Group have taken no-pay leave of varying lengths to help the company cope with the collapse in air travel due to Covid-19.
 
In addition, more than 1,700 employees, including ground staff, pilots and cabin crew, have signed up for volunteer positions and jobs in external organisations.
 
The SIA Group - which comprises SIA, regional arm SilkAir and budget carrier Scoot - disclosed the figures to The Straits Times last Friday.
 
Its spokesman said it has been arranging temporary and secondary job placements for its staff.
 
" These include ambassador roles and opportunities at public transport stations, social service offices and hospitals, for example," said the spokesman. " Many of our crew have also volunteered with various roles within the company."
 
Staff can apply for the external roles through SIA' s employee support portal.
 
They can also tap online financial, mental and physical wellness programmes if needed.
 
The no-pay leave scheme and letting staff seek secondary employment are part of several cost-cutting measures the airline has introduced as the pandemic rages on.
 
ST understands that the SIA Group' s pilots and cabin crew who are not flying still get their basic pay, but they do not get flight allowances which substantially increase their pay.
 
For staff who are now attached to other organisations, it is understood that their pay varies.
 
SIA helps to supplement the salaries of those earning less than their basic pay, which can be around $1,500 for a cabin crew member.
 
The SIA Group, unlike several other airlines, has thus far managed to stave off job cuts, with the help of funding from Temasek and the Government' s Jobs Support Scheme.
 
But it is currently operating at just 7 per cent of its scheduled capacity as compared with before the pandemic. Some cabin crew have yet to take to the air in months.
 
The SIA Group... has thus far managed to stave off job cuts, with the help of funding from Temasek and the Government' s Jobs Support Scheme. But it is currently operating at just 7 per cent of its scheduled capacity as compared with before the pandemic. Some cabin crew have yet to take to the air in months.
Singapore' s other airline, Jetstar Asia, announced in June that it was cutting about 26 per cent - or about 180 - of its jobs. The majority of its remaining staff have also been put on furlough at least until the end of this year, and are currently receiving sustenance pay.
SIA said its passenger capacity will increase to about 8 per cent of pre-Covid-19 levels by end-October. Jetstar Asia, meanwhile, will fly to five more destinations, including Jakarta, from today.
Last month, it reported a $1.12 billion net loss in the quarter ended June 30, its largest quarterly loss on record.
 
Air travel demand is expected to remain low for the foreseeable future, with the International Air Transport Association saying that it will be until 2024 before demand returns to last year' s levels.
 
Experts have said the various measures, which include raising $11 billion so far this financial year, will help the SIA Group - but not likely to the extent that it can avoid eventual job cuts. This is so given that airlines are overstaffed for current demand levels, and a quick recovery is nowhere in sight.
 
Singapore' s other airline, Jetstar Asia, announced in June that it was cutting about 26 per cent - or about 180 - of its jobs.
 
The majority of its remaining staff have also been put on furlough at least until the end of this year, and are currently receiving sustenance pay.
 
Like the SIA Group, Jetstar Asia has also deployed staff to external roles. It told ST last month that more than 300 staff have been deployed to roles in public and private sectors to help fight Covid-19.
 
In the meantime, the SIA Group said its flight staff - about 3,200 pilots and almost 11,000 cabin crew - have kept their skills current in spite of the drastic fall in flights.
 
Its pilots are now using more e-learning resources on top of simulator training. Those who have not flown for a while are given additional training.
 
Pilots must then undergo the required proficiency checks before returning to operational flying.
 
For cadet pilots, ground training continues, although simulator training has been suspended.
 
As for cabin crew, they have been undergoing a regular online programme approved by the Civil Aviation Authority of Singapore, said the SIA Group spokesman.
 
She added: " Cabin crew are also required to complete and pass online operational and fleet recency training and tests to ensure their qualifications remain current during this period.
 
" They are also scheduled to attend ground training courses and must pass all required safety drills."
 
Staff will be prepared, as slightly more planes from SIA Group and Jetstar Asia will be taking to the skies in the coming months.
 
SIA said its passenger capacity will increase to about 8 per cent of pre-Covid-19 levels by end-October.
 
Jetstar Asia, meanwhile, will fly to five more destinations, including Jakarta, from today.
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