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Clipping the wings: SIA says goodbye to iconic A380

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Singapore Airlines is saying goodbye to several A380 superjumbo aircraft

Singapore Airlines has revealed that it’s cutting several Airbus A380 aircraft from its fleet, as it tries to bounce back from the financial impact caused by COVID.

Two of the iconic superjumbo’s have been spotted getting demolished in Singapore, another is set to be taken out of service.

According to Singapore Airlines, it will now take around two months to part out the aircraft, with the company’s maintenance department to now work to dismantle all of those aircraft and utilise parts on other in-service aircraft.

Two of the iconic superjumbo’s have been spotted getting demolished in Singapore.

What will be salvaged and saved?

Some reusable aircraft parts such as landing gear and engines will be salvaged alongside internal components, which could be used as spare parts on the airline’s remaining A380 fleet.

This will allow the airline to save money in the future should a spare part be needed.

The aircraft parts will be put towards the Singapore Airlines Upcycling Project which launched earlier this year.

Upcycling is when a used part is turned into something of a higher value. Examples of this could be tin cans that are turned into airplane models or when an aircraft fuselage is turned into key tags.

Singapore Airlines scrapped its first A380s after just a decade of service.

How many aircraft in total will be taken out of service?

Singapore Airlines is scrapping a total of three aircraft at the Changi Exhibition Center.

The two standout aircraft are the Airbus A380s under registrations; 9V-SKG and 9V-SKH.

According to ch-aviation.com, the two jets are aged around 13 years.

Singapore Airlines scrapped its first A380s after just a decade of service.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Real reason bosses want employers back in the office

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As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

 
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

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Businesses cash in on Black Friday sales

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Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

 
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

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Australian inflation figure finally starts with a 4

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Australia’s October inflation figures have surprised economists, as consumer prices rose at a slower pace than anticipated.

 
This slowdown was primarily attributed to a significant drop in goods prices, contributing to the nation’s subdued economic climate.

The Consumer Price Index (CPI) for October indicated a modest 0.4% increase, falling short of the 0.7% forecasted by analysts. On an annual basis, inflation stood at 2.1%, below the Reserve Bank of Australia’s target range of 2-3%. This unexpected deceleration is likely to affect the country’s monetary policy decisions in the near future.

Goods prices, including essential items like fuel and food, recorded a notable decrease of 0.8%, mainly due to supply chain disruptions and global economic uncertainties. Meanwhile, services prices continued to rise, albeit at a slower rate, driven by higher wages in some sectors.

This unexpected dip in inflation raises questions about the overall health of the Australian economy and the central bank’s strategies to combat it. Policymakers now face the challenge of balancing economic growth with the need to manage inflation effectively. #ticker today #featured

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