Singapore Airlines opens 'superhub' freight center<\/p>\n
SINGAPORE (AFP): Singapore Airlines Ltd. (SIA) yesterday
\ninaugurated a massive new freight terminal that boosts the
\nisland's role as a transshipment center, adding that another
\ncargo center was already being planned for 1999.<\/p>\n
The \"superhub,\" the fifth cargo terminal at the airport, is
\ndesigned specially for transshipment and will be used exclusively
\nby SIA, the world's most profitable airline, and its subsidiary
\nSilk Air (Singapore) Pte. Ltd.<\/p>\n
Fifty-eight percent of SIA's cargo throughput comes from
\ntransshipment, compared to an average of five percent for most
\nairlines, an airline statement said. This reflected Singapore's
\ntraditional status as trading center.<\/p>\n
The superhub's annual capacity of 500,000 tons boosts to 1.2
\nmillion tons the total capacity of SIA ground-handling subsidiary
\nSATS Airport Services Pte. Ltd., the company statement said.<\/p>\n
The fully automated, multi-level facility has 33,000 square
\nmeters (109, 000 square feet) of cargo processing and storage
\nspace and features specialized storage facilities for live
\nanimals and valuable shipments.<\/p>\n
Its opening eases pressure on the four cargo terminals
\navailable to other airlines, the statement said.<\/p>\n
SIA, pursuing a supply-driven strategy, is expanding its
\npassenger and cargo handling capacity in anticipation of a
\ncontinued travel and trade boom in the Asia-Pacific region in the
\n21st century.<\/p>\n
Cheong Choong Kong, chairman of SATS Airport Services, said a
\nsixth cargo terminal was being planned for 1999 with an annual
\ncapacity of 750,000 tons.<\/p>\n
SIA reported a 13.5 percent increase in group net profit to
\nS$523 million (US$373.6 million) in the six months to September
\n30 on revenues of S$3.37 billion, reinforcing its status as the
\nworld's most profitable airline.<\/p>\n
It enjoyed a net profit of S$918 million in its financial year
\nto March 1995.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/singapore-airlines-opens-superhub-freight-center-1447893297",
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