SINGAPORE: Singapore Airlines (SIA), its finances strained by the Severe Acute Respiratory Syndrome (SARS)-triggered fall in passenger traffic, said yesterday it may set up a new low-cost airline rather than convert its regional arm, SilkAir, into a budget carrier.
Asia’s biggest airline by market value said a specially formed task force reporting to the chief executive had been working on the idea of a low-cost, no-frills airline. A decision on the project would be made this year.