Originally Posted by
krismiler
SIA make large and consistent profits in Singapore. Where they seem to fall down is investing in foreign ventures run by others. Possibly they might decide to be more hands on and send in their own people for the key roles next time.
Future fleet size is dependent on the game plan, 30 - 40 aircraft gives them another Virgin Blue whereas 60 - 70 gives them a serious sized airline if they want to replicate Virgin without the loss making areas. When WOW Air went broke last year its aircraft were soon snapped up by other airlines, now with most of the worlds airliners parked up, leasing companies will be very receptive to anyone wanting their aircraft, and not in such a great hurry to fly them all the way back from Australia into storage.
SIA had a proper attempt at the Australian market through their 100% control of Tiger Airways Australia (via Tiger Airways Holdings). SIA still couldn't get that right, despite running that operation out of the shed terminal in Melbourne.
Despite full control, SIA still couldn't get that right with the maintenance debacles (to add to the infamous 'Bogan handling' through their own TV show that was shown in Australia for a while). All of that led to "selling" the remaining 50% to VA for $1.
SIA were more hands on in their Vistara investment with their 49% stake before COVID-19, and even had SIA buying planes for Vistara. This suggests the Australian domestic market is not on SIA's priorities.
If anything, if SIA were interested in any of VA's assets (if at all), it would be 'Velocity', which was one of the primary reasons why they bought a stake in VA in the first place. Buying Velocity would allow SIA to integrate the Velocity customer base into Krisflyer.
This would allow the "VA mk II" (post-administration successor) to start afresh with their own FF program if they wish to do so (or go without one if they're going the ULCC route).