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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Airlines Limited    SIAL   SG1V61937297

SINGAPORE AIRLINES LIMITED

(SIAL)
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Singapore Airlines : SIA and Vistara to Expand Codeshare Agreement to International Flights

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08/06/2019 | 08:22am EST

Following the recent announcement of Vistara's first international flights to Singapore from New Delhi and Mumbai, Singapore Airlines (SIA) and regional subsidiary SilkAir have signed an agreement with Vistara to expand codesharing to international routes. Vistara will commence international operations from 6 Aug 2019, when it launches its Delhi - Singapore operations.

Under the expansion of an existing codeshare agreement which covers Indian domestic flights, SIA will add its 'SQ' designator code to Vistara's new international flights. In addition, SIA and SilkAir will add nine new codeshare destinations within India on Vistara-operated flights1 . With this expansion, SIA will codeshare on Vistara flights to more than 20 Indian destinations.

Similarly, Vistara will add its 'UK' designator code to SIA- and SilkAir-operated flights between Singapore and eight destinations in India2 . As part of the arrangement, Vistara will codeshare on services to more than 40 destinations3 in the SIA and SilkAir network. These codeshares will be implemented in phases and are subject to regulatory approvals. This is the first time Vistara will be codesharing with partner airlines on international flights.

'Vistara is an important partner for SIA and SilkAir. This expansion of our codeshare agreement provides our customers with more travel options to and from India. We congratulate Vistara on the launch of its international services, and are proud to be Vistara's first codeshare partner for its international flights,' said SIA Senior Vice President Marketing Planning, Mr. Tan Kai Ping.

'Vistara found its first codeshare partners in Singapore Airlines and SilkAir, and now we are further expanding the agreement to international flights with them. We're happy to deepen this strategic partnership which means a more seamless flying experience for travellers from India to destinations across Asia, Oceania and the United States. Our customers will enjoy world-class products and services whether flying from India to points abroad beyond Singapore or into and within India from the rest of the world. It helps Vistara get closer to its vision of becoming a global brand and we're certain that our customers will find the benefits of this partnership delightful,' said Vistara's Chief Strategy Officer, Mr. Vinod Kannan.

Vistara is a New Delhi-based joint venture between Tata Sons and SIA. It will commence its first international operations, to Singapore from Delhi and Mumbai, starting 6 and 7 August 2019, respectively, using Boeing 737-800NG aircraft.

The codeshare flights will be progressively made available through SIA and Vistara booking channels once necessary regulatory approvals are obtained.

1 Chandigarh, Dibrugarh, Jammu, Leh, Pune, Raipur, Ranchi, Siliguri and Srinagar

2 Ahmedabad, Bengaluru, Chennai, Cochin, Hyderabad, Kolkata, Mumbai and New Delhi

3 44 destinations on SIA- and SilkAir-operated flights from Singapore to Australia, New Zealand, Cambodia, Indonesia, Malaysia, Vietnam, Thailand, Taiwan, Japan and the USA

MEDIA CONTACT

Media personnel are welcome to get in touch with our Public Affairs Department at public_affairs@singaporeair.com.sg

(C) 2019 Electronic News Publishing, source ENP Newswire

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EBIT 2020 1 066 M
Net income 2020 678 M
Debt 2020 7 741 M
Yield 2020 3,60%
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