SINGAPORE AIRLINES.

Singapore airlines experiencing issues with the global recession hitting hard. They have decided to delay delivery of their 12th aircraft.
“The revised schedule will see the 12th aircraft delivered in October 2010 rather than April 2010, while the 19th aircraft will be delivered in January 2012 rather than January 2011,” the airline said in a statement.
In July, Singapore’s national carrier had posted its first quarterly loss since the 2003 outbreak of severe acute respiratory syndrome, or SARS.
Net loss in the quarter ended June reached 307.1 million Singapore dollars (212.7 million US dollars), compared with a profit of 358.6 million Singapore dollars a year ago.
SIA attributed the loss to adverse business conditions, adding that it expected to make a full-year loss should these conditions continue.