SIA to spend US$13.8b on new Boeing aircraft

Singapore

SINGAPORE'S flagship carrier intends to spend US$13.8 billion (S$19.5 billion) on 39 Boeing aircraft, to drive additional growth and fleet modernisation through the next decade, it said in an announcement yesterday.

Singapore Airlines (SIA) said it has agreed to place firm orders with the US airframe manufacturer for 20 777-9 aircraft and 19 787-10 aircraft.

The proposed order is valued at US$13.8 billion, based on published list prices, it said.

SIA said it signed with Boeing yesterday a letter of intent, which comprises the 39 firm orders, as well as six options for each aircraft type. The options, if exercised, will …