SIA Group posted a record operating profit of S$556 million (around US$403 million) in the first quarter ending June, as the city-state’s flag carrier swung back into the black amidst soaring demand for air travel. This is the airline’s highest quarterly operating profit since the third quarter of FY 2007–2008. Earnings for the period also reversed into a profit of S$370 million (US$268 million). The airline group’s capacity climbed to 61 percent of the pre-covid capacity in Q1 from around 47 … [Read more...] about Back in the black: SIA posts profit growth in Q1
Singapore aviation
Exclusive: UK-based drone services operator Skyports
The advanced air mobility (AAM) industry, which includes the use of drones to transport shipments, has witnessed heightened interest over the last two years, with US$7 billion pouring into the industry in 2021, more than double the total investment secured by the sector over the last decade. Drone service operator and infrastructure developer Skyports has been testing ship-to-shore drone delivery services in Singapore since early this year to prepare for commercial operations. In this interview, … [Read more...] about Exclusive: UK-based drone services operator Skyports
Topcast opens new office in Singapore
TOPCAST Group, a leader in aircraft parts distribution and MRO services, has opened a new office in Singapore to support the company’s growth strategy and as part of its 30th anniversary. Steven Pearson, chief executive at TOPCAST, said the move was a logical step in the company’s business expansion strategy to extend the business operations in Hong Kong. Also read: Topcast looks ahead of future MRO market “The city is rich with aviation talent. We have the opportunity to expand … [Read more...] about Topcast opens new office in Singapore
