not concerned as it doesnt directly affect me, or indirectly for that matter.
just intrigued and interested and amazed at the whole scenario.
its quite stupefying.
afterall this country has achieved economically an incredible standard of living ,industry ,research etc etc for its citizens.
i find it incredible that the govt will go to the extreme of 'announcing to the world' that it is prepared to degenerate its flagship company SIA ,over an issue which has little impact in real terms on SIA's profitability.
exactly where is the business sense in this?
brinksmanship it may be but the message to investors remains the same, govt will meddle whatever the cost to SIA shareprice.
what they are saying is that they will not back down from this situation.
pilots will walk away which will result in operating shortages or reduced expansion.
this will affect SIA share price(downwards).
but hey , thats ok because we refuse to pay the market rate.
hmmmm!
its just inane and simply bad economics.
quite mystefying !!!
