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SIA to place US$13.8b order for Boeing aircraft to drive additional growth

Thursday, February 9, 2017 - 17:21

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SINGAPORE Airlines (SIA) has agreed to place firm orders with Boeing for 20 777-9 and 19 787-10 aircraft, with the aim of driving additional growth and fleet modernisation for the company through the next decade, it said in an announcement on Thursday.

SINGAPORE Airlines (SIA) has agreed to place firm orders with Boeing for 20 777-9 and 19 787-10 aircraft, with the aim of driving additional growth and fleet modernisation for the company through the next decade, it said in an announcement on Thursday.

SIA said it signed a letter of intent with the US airframe manufacturer the same day; it comprises the 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 proposed order, valued at US$13.8 billion, based on published list prices, includes flexibility for the SIA group to substitute the 787-10 orders for other variants of the 787 family.

The 777-9s are due for delivery from the 2021/22 financial year and the 787-10s for delivery from the 2020/21 financial year, SIA added.

sentifi.com

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"Today's major order for widebody aircraft enables us to continue operating a modern and fuel-efficient fleet, providing the SIA Group with additional expansion opportunities to ensure that we retain our industry-leading position," said SIA's CEO, Goh Choon Phong.

SIA shares finished Thursday 14 cents up at S$9.94.

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