http://www.bloomberg.com/apps/news?pid=206...&refer=asia
QUOTE
Singapore Airlines Ltd., the world's largest airline by market value, may need to postpone deliveries of new aircraft for the first time in five years as the global recession hurts travel demand. "They may have no choice but to delay deliveries," said Ryu Je-Hyun, a Hong Kong-based analyst at Mirae Asset Securities Co. "If they ground planes, they still have to pay depreciation costs and if they take delivery, they have to pay the remaining cost for the aircraft."
[...]
"We have not yet deferred any aircraft deliveries yet, but are examining options to do so," said Stephen Forshaw, the Singapore Air spokesman. "Our deliveries of new aircraft are not just about growth, but also to adhere to our long-standing policy of fleet renewal," he said.
[...]
"Things are certainly looking bad now and delaying orders is an option Singapore Air may take," said Jim Eckes, managing director of industry adviser Indoswiss Aviation. "Carriers worldwide are already sending signals to the manufacturers that they won't take deliveries for the next two to three years."
[...]
"Singapore Air will still take delivery of fuel-efficient planes such as the A380," said Rohan Suppiah, an analyst at Kim Eng Securities Co. "They may push back some of the A330s."
The carrier this year took delivery of the first of 19 A330- 300 aircraft it has on order, with another three due to arrive by the end of March. The plane can carry as many as 335 people and costs $201 million at list prices, according the Airbus web site.
[...]
"We have not yet deferred any aircraft deliveries yet, but are examining options to do so," said Stephen Forshaw, the Singapore Air spokesman. "Our deliveries of new aircraft are not just about growth, but also to adhere to our long-standing policy of fleet renewal," he said.
[...]
"Things are certainly looking bad now and delaying orders is an option Singapore Air may take," said Jim Eckes, managing director of industry adviser Indoswiss Aviation. "Carriers worldwide are already sending signals to the manufacturers that they won't take deliveries for the next two to three years."
[...]
"Singapore Air will still take delivery of fuel-efficient planes such as the A380," said Rohan Suppiah, an analyst at Kim Eng Securities Co. "They may push back some of the A330s."
The carrier this year took delivery of the first of 19 A330- 300 aircraft it has on order, with another three due to arrive by the end of March. The plane can carry as many as 335 people and costs $201 million at list prices, according the Airbus web site.