Singapore Airlines CEO Urges Consolidation

Singapore Airlines Chief Executive Chew Choon Seng said Sunday the global airline industry needs to consolidate as soaring oil prices damage profits.

He noted Singapore Airlines and Qantas are discussing sharing maintenance facilities for the new Airbus 380 super jumbo, which both carriers plan to fly.

“It makes sense that neither of us duplicate facilities but rather put our heads together and see where we can have joint efforts and share facilities and thereby spread costs,” Chew told the Nine Network’s Business Sunday program.
AP via San Luis Obispo Tribune