Air Transport World

Singapore Airlines. (Asia/Pacific Report).(airline slashes pay of senior management officials)(Brief Article)

Singapore Airlines advised the Singapore Stock Exchange in mid-June that it is evaluating the establishment of a budget airline in place of its previously discussed plan to transform SilkAir into one. SIA expects to finalize plans this year.

Separately, SIA said its senior management team, comprising senior VPs and above, took pay cuts of 27.5% and other management staff; from deputy managers to divisional VPs, took pay cuts of 22. …

Log in to your account to read this article – and millions more.