Bargaining power of Suppliers
SIA has two major suppliers of aircraft i.e. Airbus and Boeing which are able to maintain. Currently, SIA has 11 planes on order and should be extended to add extra plan to minimize the rental of leased aircraft cost. Fuel cost is gradually 27% of the airline expenditure between 2016-2018 because of the fuel hedging achieve in financial year 2017/2018. These aircraft leased cost and fuel hedging profit is the foremost gain to flip around to extend SIA profit.
In addition, SIA aircraft must replace some parts of fuel utilization with the solar energy device to decrease dependence on fossil fuels and air pollution free.
SIA engineering organisation is a Division of SIA for aircraft safety and servicing and productivity, efficiency, pleasant and more value-added services to create a strong stage of Airline Industry’s dealer power since 1992.