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Singapore Airlines, CEO, on CNBC

One of the coolest CEO’s in the world, Chew Choon Seng, of Singapore Airlines was on CNBC discussing his airline. He remained positive on SIA’s business strategy and ability to manage capacity, while taking a premium yield. Here are some highlights of the interview.

–Singapore Airlines is the largest airline in terms of market capitalization.

–USA still remains a strong priority, UK market is very weak.

–China and India are the strongest markets.

–Seng says there is too much global capacity.

–Seng says there is a need for governments to change old rules, and allow for cross-border consolidation. That will help industry.

–Airline hedged at $100, 22% hedged at end of Oct. 2009.

–Management needs to keep eye on capacity and keep costs low.

–Business travel has recovered a little bit.

–Tough to manage fuel hedging, and risk of locking in at a high price.

Seng seems like a great guy. I know he wants to invest more, especially in the USA.

CEO Seng

 

 

 

 

 

 

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