Singapore Airlines to confirm $13.8 billion Boeing deal

Published on : Friday, October 20, 2017

Singapore AirlinesSingapore Airlines Ltd, one of the largest airlines in Asia began to finalize an order for 39 Boeing Co (BA.N) aircraft worth$13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week.



Singapore Airlines said in the month of February,2017,  it would order 20 777-9 and 19 787-10 wide bodies as part of plans to modernise its fleet over the next decade.



But the deal was yet to be finalised and placed in Boeing’s order book as a Singapore Airlines order.



The deal with Singapore Airlines was viewed as a major blow to Airbus SE (AIR.PA) as it battles against Boeing in the wide body market.




The Airbus has lagged Boeing in net orders in the first nine months of the year, with 271 at the end of September versus 498 for its United States rival.




Singaporean Prime Minister Lee Hsien Loong hoped that an agreement in the aviation industry would be signed with Boeing to buy more aircraft for Singapore Airlines during his United States visit from October 22 to October 26.




Singapore Airlines in the month of February said it had also acquired options to order six more aircraft of each type.




Boeing in June booked orders for 20 777Xs and 19 787-10 aircraft for an unidentified customer or customers, making it possible the Singapore Airlines aircraft are already counted in this year’s net orders.




Singapore Airlines is investing in modern, latest techniques, fuel efficient aircraft while at the same time undertaking a strategic review designed to help cut costs amid growing competition from Chinese and Middle Eastern rivals.




While the Boeing order is worth $13.8 billion at list prices, airline authorities typically get discounts on jet orders.




Jefferies in February estimated the value of the the deal of Singapore Airlines  at closer to $6.5 billion, or about a tenth of the U.S. plane maker’s annual volume.





Notably, Singapore Airlines is the open client for the 787-10, a stretch version of the Dreamliner, having made 30 firm orders in addition to the 19 announced in February.




Boeing Air finished the final assembly of the  first 787-10 earlier this month ahead of delivery in the first half of 2018.




Tags: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 Astana leisure 2018
  • 10 ITE-HCMC 2018
  • 11 lodgingconference 18
  • 11 ttgincontri 2018
  • 13 aite 2018
  • 14 CITIE 2018
  • 14 SATTE 2019
  • 14 traveltechme 2018
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 18 thincindonesia 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 europecongress 18
  • 20 sahicsouthamerica 2018
  • 21 bitmchina 2018
  • 22 Hotel Management Singapore Summit 18
  • 23 PTM 2018
  • 30 PATA


Get our toolbar!
Review on