Singapore Airlines Cargo is to park another B747-400 freighter at Victorville, California as a result of a continuing capacity surplus. The aircraft will be put into storage in June 2013 and under current plans willremain out of service until May 2014. .This will be the second freighter aircraft placed in temporary storage following the first in December 2012.
“Fuel prices remain high and we continue to see weakness in the air cargo market due to industry-wide overcapacity, which has put pressure on rates,” said SIA Cargo president, Tan Kai Ping.“We will continue to monitor market conditions closely and make further capacity adjustments as required,” he added. SIA Cargo will have an operational fleet of 11 B747-400Fs once the second freighter is put into storage.