Weak demand grounds SIA freighter

Transportation

Friday, November 02, 2012

Singapore Airlines Cargo will park one of its 13 freighters, citing “continuing weakness in demand for air freight shipments and high fuel prices.” The plane will be removed from service in January and under current plans it will remain parked until May 2014. A storage location is in the process of being selected, the airline said. “The air cargo market remains badly depressed and the near-term outlook continues to be challenging. Freight rates have declined to a...

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