QAN 0.75% $6.71 qantas airways limited

singapore airlines tightens belt

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    Read into this what you will but there is speculation doing the rounds that an interested buyer of cash strapped British Airways stake in QAN may be Singapore Airlines.

    Now that would be interesting and certainly NOT what QAN management had in mind at all. No wonder they are so desperate to get the AIZ deal over the line.

    More jobs at risk as Singapore Airlines tightens belt

    The future of Singapore Airline jobs in Australia remains uncertain tonight after the airline announced plans to suspend 20 per cent of its international flights from May.

    The airline is continuing to assess its position because of big falls in passenger numbers.

    Three hundred and 20 people work for Singapore Airlines in Australia.

    A spokesman for the company says while there are no plans yet to reduce the local workforce, the future is uncertain.

    The company has so far announced that it will axe 200 cabin trainee jobs in Singapore.

    With 20 per cent of its international flights being suspended from next month, there will be three fewer flights to Melbourne, Sydney, Brisbane and Perth.

    The spokesman says the suspension will also reduce the need for contract work provided by Qantas for catering, ground support, baggage handling and engineering.
 
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