Singapore Airlines to buy 39 Boeing aircraft for $13.8bn

Singapore Airlines to buy 39 Boeing aircraft for $13.8bn

Singapore Airlines to buy 39 Boeing aircraft for $13.8bn

Singapore Airlines has signed firm orders for 20 Boeing 777-9s and 19 787-10s in a deal worth US$13.8 billion at list prices.

Concurrent with the signing ceremony, SIA said it had signed a 12-year service agreement with GE Aviation for the maintenance, fix and overhaul of 45 GE9X engines to be installed on the 20 new 777-9 aircraft (five engines are spares).

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.

President Donald Trump, who joined the companies and their officials at the signing ceremony, said the deal would support 70,000 jobs. Total trade in goods and services between both countries amounted to more than US$68 billion past year.

Besides the 39 orders, the purchase agreement comprises six options for each aircraft type, which if exercised will enlarge the deal to as many as 51 aircraft, SIA said.

Mr Goh said the major order would enable the airline to continue operating a modern and fuel-efficient fleet.

SIA now has more than 50 current-generation Boeing 777 aircraft in service.

The 777-9s, intended mainly for long-haul routes, are due for delivery from the 2021/22 financial year, while the 787-10s, for medium-range routes, are due from the 2020/21 financial year.

The order is Singapore Airlines' first for Boeing's newest and largest 777 variant, the 777-9 that is expected to begin flying later this decade. To date, more than 600 787s have entered commercial service.

The 787-10, the largest family member, adds seats and cargo capacity while offering 25 percent better fuel efficiency per seat and lower emissions than the airplanes it will replace.

"These new aircraft will also provide the SIA Group with new growth opportunities".

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