FY2019/20 Full-Year Financial Results Analyst & Media Briefing

Thank you, Mr Goh. We now have approximately 35 minutes or so for the Q&As. Mr Goh and Mr Barnes will be joined on the line by our three Executive Vice Presidents. They are our Executive Vice President Operations, Mr Mak Swee Wah, Executive Vice President Commercial Mr Lee Lik Hsin, and Executive Vice President Finance and Strategy, Mr Tan Kai Ping. Please note that this session is being recorded and the clip will be uploaded. Therefore, we would appreciate it if you could please identify yourself and the organisation that you represent when you ask questions. We also have a lot of media and analysts on this call. Therefore, in the interest of time, we would really appreciate it if you could please limit yourself to one question, if possible. Over to you, Rishi.

Thank you. Again, ladies and gentlemen, we will now begin the Question and Answer session. If you wish to ask a question, please press star one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press the pound or hash key. Again, for questions, it is star one. And the first question we have is from the line of Chen Chuanren from Air Transport World. Your line is now open.

Hello there, thank you. Good morning, I am Chuanren from Air Transport World. If I may, I have two short questions. First question is the merger between SilkAir and SIA (that) was initially set for end 2021. Will you foresee an acceleration of this plan? And the second question is how do you balance the supply and demand between SIA and Scoot? Which segment do you expect to recover first? Thank you.

The merger of SilkAir and SIA, we have announced a previous timeline. At this point in time, we are still evaluating what the implication is for us from the Covid-19 impact, but I think we can say that we intend to look at maintaining the timeline, at least to maintain the timeline. If there is an opportunity or valid reason to speed it up, or a benefit to speed it up, we will certainly look at it. Whether or not the recovery for Scoot or for SIA is going to be faster, the thing about it is as I mentioned,