Air Transport World

Singapore Airlines.

Singapore Airlines is sticking to long-term commercial objectives despite the Asian economic downturn, Deputy Chairman and CEO Cheong Choong Kong declared.

The airline expects a fall in 1998 profits and projects lower near-term growth rates than are "characteristic" for the carrier.

He said at a media briefing that SIA has adjusted passenger capacity on its routes by redeploying aircraft from Asia to "less tumultuous" routes to North America, Europe and Australia.

"We have deferred deliveries of 11 aircraft in total over the next two years, and we will defer more deliveries if needed," said Cheong at the launch of a S$500 million ($288. …

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