Singapore Airlines announces reintegration of SIA Cargo as group division

SINGAPORE (May 19): In a bid to “improve efficiency through greater synergy”, SIA Cargo, a wholly-owned subsidiary of Singapore Airlines (SIA), will be re-integrated as the cargo division within the group in the first half of 2018.

As the cargo division, there will be no change to its operations from a passenger perspective, and it will continue to manage the passenger aircraft ‘bellyhold’ space for SIA, SilkAir and Scoot.

A majority of SIA Cargo’s nearly-900 employees will be retained in the new division, while some will be transferred to other divisions within SIA. For those whose alternative job positions have yet to be confirmed, placement opportunities will be facilitated elsewhere within the group, says SIA.

---

Related Stories

• DBS sees limited upside for SIA as it expects earnings to peak in FY2024
• UOB Kay Hian keeps ‘hold’ call on SIA at unchanged target price following December operational update
• SIA posts passenger traffic growth of 15.8% in December operational update

---