Singapore Airlines 2005 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2005 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

In March 2005, SALE announced
its first direct order with Boeing for
the Next-Generation 737 series. The
deal was for 20 firm orders and 20
purchase rights, with deliveries of the
aircraft scheduled between the fourth
quarter of 2006 and the end of 2009.
At year-end, SALE's portfolio
comprised 62 aircraft flying with 29
airlines worldwide. The Company's
fleet remains one of the youngest in
the leasing industry, with an average
age of just 4.6 years.
Singapore Flying College
There has been greater demand for
pilots by the SIA Group during the
year in review. To cater to this growing
demand, Singapore Flying College
acquired two more Cessna 172Rs. A
further three will join the fleet in 2005.
The College has also procured an
additional Synthetic Flight Trainer.
Singapore Flying College now operates
a total of 18 Cessna 172Rs, 6 Beech
B58 Barons and 2 Synthetic Flight
Trainers in Jandakot.
SIA Annual Report 04/05 29
Singapore Aircraft Leasing
Enterprise (SALE)
The year in review saw the first clear
signs of a return to growth in the
aircraft leasing sector, with a significant
rise in demand for newer aircraft, such
as those offered by SALE.
SALE took delivery of nine new
Airbus A320 family aircraft during the
year, all of which were placed with
airlines prior to delivery. SALE also
acquired two Boeing B737-700s
through purchase and leaseback
arrangements with airlines and
successfully completed nine aircraft
transitions from one airline to another.
Reflecting its emphasis on
maintaining a young fleet, SALE also
continued to trade aircraft out of its
portfolio during the year, completing
the sale of one Airbus A319, one
Boeing B737-700 and two Boeing
B777-200ER aircraft.
In April, an engineering facility in
Jandakot was opened and is now fully
operational. Approval has been
obtained from the Civil Aviation Safety
Authority of Australia to overhaul
piston engines of the aircraft type
operated by the College. With the
large number of training aircraft,
substantial savings can be achieved
through the College having in-house
capabilities to overhaul its aircraft
engines itself.
At the same time a new student
accommodation block was opened at
the College's Jandakot base. This block
increased the accommodation capacity
of the College from 80 to 180, thereby
providing capability to meet increased
demand in the future.
The College also placed an order
for a second Learjet 45 full flight
simulator during the year, for its
advance training facility in
Maroochydore, Queensland. An
extension will be built into the present
operations building to house the
simulator.