Singapore Airlines continuing search for next CEO

Singapore Airlines CEO, Chew Choon Seng, stated the carrier's search for a new CEO has been going "smoothly and is on track" (Reuters, 24-May-2010). Mr Chew, whose term expires this year, stated the carrier will make an announcement on his replacement in due course. The CEO also commented that SIA expects a recovery in business demand over the next 12 months, but the carrier is "not out of the woods yet". As a result, SIA plans to "exercise caution" in restoring capacity.