SIA: Could see some positive interests after Qantas Airways shelved plans to set up an Asean hub after failing to get approvals in SG, while its supposed-partner in KL, Msia Airlines, is in dire financial straits.
News is pleasing to SIA whose bottom line is facing intense pressure amid soaring fuel price and competition, and has not been pleased with the prospect of Qantas setting up a base in its backyard. Qantas CEO add that any move would be pushed back by 'a year or two, or three' and seems to suggest that SG authorities would not give Qantas an air operator's license.
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