25 May '11, 9am

Singapore Airlines to set up new low-cost carrier

Singapore Airlines to set up new low-cost carrier On Wednesday 25 May 2011, 17:33 SGT Singapore Airlines (SIA) said Wednesday it will launch within one year a new low-cost airline plying medium- and long-haul routes to address growing consumer demand for budget travel. "Operations are expected to begin within one year. The airline will be wholly owned by Singapore Airlines, but will be operated independently and managed separately from SIA," the company said in a press statement.

Full article: http://sg.finance.yahoo.com/news/Singapore-Airlines-set-n...

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