Saturday, April 24, 2021

More hard times ahead

 The SG government has barred people from India coming to Singapore due to the increase of coronavirus infections and deaths over there.
The Australia/New Zealand vv travel bubble which started last Sunday has been suspended due to the rise in the number of cases in Western Australia.
The Tokyo summer Olympics is in limbo. Even if it goes ahead in 100 days time, the Japanese government will not allow spectators from abroad.
Singapore/Hong Kong vv travel bubble which is to start in May has also been postponed again. No reasons were given by both sides.
There are also not encouraging signs as many places in Europe and the South Americas are seeing the spike in Covid-19 cases.
The airline industry is now at a critical stage and many airlines had either ceased to fly or had closed shop.
 As for SIA, the government subsidy scheme which pays 50% of the staff salaries including the pilots and cabin crew will end in September this year. If other countries borders still remain closed for another year, I think the  subsidy scheme may be discontinued. In short, no opening of borders equals no business equals no employment. Then what??

1 comment:

Anon said...

Hi Boh Tong

The latest update is HK-SG bubble will proceed as planned. However, till then, anything is uncertain. Rely on only 1 city isn't gonna revive pre-Covid days. SG is trade dependent and needs all borders to be opened to allow goods and services to flow into the country.

Now, the economy is already in decline and slowly, businesses close due to lack of money.

For CC and pilots, hope you've a backup plan.