Singapore Airline, SIA, world's BEST airline vol. 3

About the Coporate Management and Structure



Corporate management

Singapore Airlines is majority-owned by Temasek Holdings, the investment arm of the Government of Singapore, and which accounts for 56.19% of its publicly-listed shares.


The Singapore government has regularly stressed its non-involvement in the management of the company, a point emphasized by Minister Mentor Lee Kuan Yew when he declared that the aviation hub status of Singapore Changi Airport will be defended, even at the cost of SIA.



1991 Singapore Airlines Commercial




However, he was personally involved in defusing tensions between the company and its pilots, warned the airline to cut costs, and made public his advice to the airline to divest from its subsidiary companies. Still, independent research typically rates the airline as practicing sound corporate governance policies in accordance with national regulations.



Singapore Airlines Megatop





Structure

The Singapore Airlines Group has over 50 subsidiaries and associates, including:

International Engine Component Overhaul (IECO) (43.3%)
SIA Engineering Company (SIAEC) (86.6%)
SilkAir (100%)
Singapore Aero Engine Services Private Limited (SAESL) (43.3%)
Singapore Airlines Cargo (100%)
Singapore Airport Terminal Services (SATS) (86.5%)
Singapore Flying College (100%)
Singapore Airlines Limited has a 49% ownership stake in low cost carrier Tiger Airways Pte Ltd, which operates Tiger Airways and owns 100% of Tiger Airways Australia Pty Ltd. [30] However, Tiger Airways is technically not part of the Singapore Airlines Group.


Singapore Airlines Inflight Entertainment




On 15 December 2006, Singapore Aircraft Leasing Enterprise, which the airline held a 35.5% share, was wholely sold to the Bank of China for US$980m.


SIA New First Class Television Commercial





Suggestions to divest from its two biggest subsidiaries, SIA Engineering Company and Singapore Airport Terminal Services, has stretched back several years, in particular when Minister Mentor Lee Kuan Yew voiced his opinion that the airline should divest from the two listed companies to focus on its core business in December 2005. The company has yet to react in kind, however, although it did evaluate this possibility.


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Source of Text: Wiki