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Thread: SIA to Introduce Cash & Miles Option
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Old Jul 17, 2013 | 1:28 am
  #9  
SMK77
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Originally Posted by WrLdTrvLnIndian
KF mile valuation set as follows: 1000 miles = 10.87SGD or 1SGD = 92 miles.
Originally Posted by WrLdTrvLnIndian
But there is no way SQ is selling miles at .01 SGD.
If the valuation is 0.01 SGD and they won't sell it for 0.01 SGD, there is only one way to solve the dilemma: SQ is buying the miles for 0.01 SGD:

I guess what's in the pipeline is that you can offset your fare with miles and the valuation is that every 1000 miles gets you a discount of 10.87 SGD. This is good for people to get rid of miles that are about to expire.
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