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News - Detailed News Story

SIA seeks like-minded partners as part of transformation

18 Sep 2019 09:00

SIA chief executive Goh Choon Phong says the airline wants to ensure its place as the market leader and continue to inspire passion in its people. ST PHOTO: KEVIN LIM

By Karamjit Kaur,Transport,Housing Editor

As Singapore Airlines (SIA) continues to transform its business in the face of growing competition, a key strategy is to find the right airline partners to grow with, said its chief executive officer Goh Choon Phong.

This is why SIA and Malaysia Airlines (MAS) are discussing potential areas of cooperation. But there is no talk of equity, he added.

"At this point, the discussions do not involve any equity stake," he told The Straits Times in a recent interview, stressing that the focus is purely commercial.

This puts to rest rumours since June that SIA may take a stake in the troubled Malaysian carrier, or that the two airlines were considering a merger. These came after SIA and MAS announced that they were exploring a wide-ranging strategic partnership.

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Source: Straits Times

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