atans1

AirAsia is eating SIA’s lunch

In Airlines on 18/12/2012 at 7:17 am

(And that of every other Asian legacy airline like Cathay, Qantas, Thai and MAS)

When SIA sold to Delta its 49% stake in Virgin Atlantic for US$360, which it has owned since 1999, it said it was selling because of increased competition in its local market, where it wants to keep its focus.

In the same week, last week, AirAsia announced a US$9bn order for 100 A320 planes. AirAsias’s order is for 64 of the A320neo (new engine option) and 36 of the A320ceo (current engine option) aircraft.

M’sia Boleh!

Background info on SIA sale, so I don’t get dumb comments

http://in.reuters.com/article/2012/12/11/singaporeairlines-virgin-sale-idINDEE8BA09V20121211

http://www.bbc.co.uk/news/business-20576420

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  1. C’mon Bro. SIA just made 336 million dollars profit by selling Virgin Atlantic and Air Asia is still dreaming about profits exceeding 2 digit millions. With our scholar VeeP’s and ChairPersons’s on SIA management and board, how could they eat our lunch? We the true citizen’s of Singapore would give our lunch to SIA to eat any time ;-) ;-) ;-)

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