Bloomberg.com, 20 Feb 2009, Chan Sue Ling
Feb. 20 (Bloomberg) -- Singapore Airlines Ltd., the world’s largest airline by market value, may need to postpone deliveries of new aircraft for the first time in five years as the global recession hurts travel demand.
“They may have no choice but to delay deliveries,” said Ryu Je-Hyun, a Hong Kong-based analyst at Mirae Asset Securities Co. “If they ground planes, they still have to pay depreciation costs and if they take delivery, they have to pay the remaining cost for the aircraft.”
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