Singapore Airlines finalizes $13.8 billion Boeing order
The purchase agreement comprises 39 firm orders, as well as six options for each aircraft type - which if exercised will enlarge the deal to as many as 51 aircraft. The firm orders are valued at $13.8 billion, based on Boeing’s published list prices.
The signing took place on October 23, 2017 at the White House in Washington, US at a ceremony witnessed by US President Donald Trump and Prime Minister of Singapore Lee Hsien Loong. The agreement that was originally announced in February 2017 as a letter of intent.
“SIA has been a Boeing customer for many decades and we are pleased to have finalised this major order for widebody aircraft, which will enable us to continue operating a modern and fuel-efficient fleet,” said SIA CEO Goh Choon Phong. “These new aircraft will also provide the SIA Group with new growth opportunities, allowing us to expand our network and offer even more travel options for our customers.”
The 777-9s are intended primarily for long-haul routes and are due for delivery from the 2021/22 financial year. The 787-10s are to be operated on medium-range routes and are due for delivery from the 2020/21 financial year.
SIA is due to take delivery of the world’s first 787-10 in the first half of 2018, from a 2013 order with Boeing for 30 aircraft.
SIA has more than 50 current-generation Boeing 777 aircraft in service. Subsidiaries SilkAir, Scoot and SIA Cargo also operate Boeing aircraft, with 737 MAX 8 and 737-800, 787-8/9 and 747-400 Freighter types in service, respectively.
Airline stocks jump as India removes COVID-19 restrictions
Indian airlines see shares soar as the government removes COVID-19 restrictions....
Citing recovery, easyJet ups capacity plans for final three months of 2021
easyJet says recovery is underway, announcing plans to increase its capacity for the final three months of 2021...
Growing more confident, Lufthansa repays $1.7B in government aid
Lufthansa says air travel demand is growing as it announces plans to repay government aid before the end of the year...