Singapore Airlines 2016 Annual Report Download - page 19
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Our joint venture with Airbus for pilot training,
Airbus Asia Training Centre, also launched
operations during the financial year and has
signed up many airline customers to date,
exceeding our expectations.
The Parent Airline Company Singapore Airlines
continued to invest heavily in its premium
products and services during the financial year.
Premium Economy Class was launched in August
and has been well received by customers to date,
more lounges were revamped with a new design
concept that has won much public praise, our
first Airbus A350-900s have entered service and
plans for new services to Dsseldorf, Canberra
and Wellington were announced, to name just
a few developments. Regional wing SilkAir also
continued growing during the year with further
expansion of its new Boeing 737 fleet and the
launch of even more new routes, at the same time
recording impressive growth in profitability.
In short, our key strategies are firmly in place,
and the fact that they have taken shape in such
a short time is testament to the hard work of all
sta across the SIA Group. We have a Board that
works exceptionally well with Management and
this has proven a crucial advantage. Had the Board
and Management team not shared the same view
of the challenges being faced and what is needed
to address them, we would not have been able to
drive so much change in such a short time.
I wish to express my thanks to all sta and
Management for your ongoing commitment to
ensure the SIA Group continues to have a bright
future amid so much structural change. I must also
thank my fellow Board members for your dedication
and contributions throughout the year, and in
particular welcome Peter Seah who joined the
Board as Deputy Chairman on 1 September 2015.
Allow me to close with a special thanks to our
shareholders for your continued support. The
initiatives that we have been implementing require
significant investment and a long-term approach.
Without your support, we would not be in the
position of strength that we are in today.
In short, our key strategies are firmly in
place, and the fact that they have taken
shape in such a short time is testament to the
hard work of all staff across the SIA Group.
Stephen Lee
Chairman
Annual Report FY2015/16 17