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29
Singapore Airlines Annual Report 05/06
Singapore Airlines Cargo
For the fi nancial year ending
31 March 2006, Singapore Airlines
Cargo (SIA Cargo) earned a net
profi t of $135.3 million.
SIA Cargo expanded its network
between Europe and South Africa
with the commencement of twice-
weekly services between Brussels
and Johannesburg in July 2005.
In October 2005, SIA Cargo took
delivery of a new B747-400 freighter
and commenced twice-weekly
Delhi-Copenhagen-Chicago services.
Another B747-400 freighter which
joined the operating fl eet in February
2006 was used to put on additional
freighter services to USA via China.
The operating fl eet now comprises
16 B747-400 freighters.
The lease of a B747-400 freighter to
Air China was extended for another
two years, until September 2008.
In May 2005, SIA Cargo signed an
agreement with Great Wall Industry
Corporation and Dahlia Investments
to form a joint-venture cargo
airline in China. The airline, Great
Wall Airlines Company Limited,
was incorporated in Shanghai.
Operations began in June 2006.
During the year in review, SIA Cargo
secured several key global accounts
with organisers of major
international events. A total of eight
charter fl ights were operated for four
Formula One races, including two
charters carrying racing vehicles and
media equipment to Sao Paulo in Brazil.
SIA Cargo was selected by NOKIA
Corporation for the second successive
year as one of its preferred carriers for
its intra-Asia and Asia to South-Pacifi c
distribution. In the fi rst quarter of the
year in review, SIA Cargo launched
enFORSC, a cargo reservation system
with enhanced graphical user interface.
The new system would reduce training
costs and improve staff productivity.
In October 2005, SIA Cargo became
a member of the International Air
Transport Association (IATA) Industry
Action Group. The group was formed
as part of the IATA E-freight initiative,
which aims to simplify business
processes, reduce business costs and
improve effi ciency across a global
sales network through a paperless
environment.
The airline was named Best Air Cargo
Carrier (Asia) in the AFSCA (The Asian
Freight and Supply Chain Awards) for
the 12th consecutive year. It also won
the title for Best Air Cargo Carrier in the
Asia Logistic Award for the fourth year
running and was voted the winner of
the Quest for Quality Award by readers
of Logistics Management for the second
year in a row.