Singapore Airlines (SIA) welcomes the world’s first Boeing 787-10 aircraft (in the air) as it approaches after its flight from Boeing’s production facility in North Charleston, South Carolina at Singapore Changi Airport on March 28, 2018.
ROSLAN RAHMAN | AFP | Getty Images
As air carriers worldwide are caught in a “race against time” while trying to stay afloat as global travel is nearly completely wiped out, Singapore Airlines appears to be better positioned than its peers, according to one analyst.
“Everyone … is battling this,” Brendan Sobie, an independent analyst at Sobie Aviation, told CNBC’s “Squawk Box” on Thursday.
Comparatively, Singapore Airlines “is in a better position,” he said, citing the Singapore flag carrier’s liquidity position, which in his opinion was better than “virtually anyone in the global airline industry.”
“What that means is they can survive a prolonged downturn, come out of hibernation very strong in a few years and potentially take advantage of…