Thursday, February 9, 2017

Boeing Wins $13.8 Billion Singapore Order For 777-9s, 787-10s

Singapore Airlines has agreed to place firm orders for 20 Boeing 777-9s and nineteen 787-10s worth $13.8 billion, the airline announced Thursday. The letter of intent includes options for another six of each model, potentially raising the value to some $19 billion. The deal allows SIA to substitute other Dreamliner models for the 787-10s.

The airline said it expects delivery of the Dreamliners in its 2020/2021 fiscal year, which runs from April 1, 2020 to March 31, 2021. Plans call for the 777-9s to arrive during its 2021/2022 fiscal year.

SIA has chosen the Rolls-Royce Trent 1000 turbofan to power the 787-10s, which it said it plans to operate on medium-range routes. The General Electric GE9X serve as the sole engine type for the 777-9s, which SIA plans to deploy primarily on long-range routes.

The order represents something of a reprieve for Boeing after it lost a competition with Airbus in 2015 to provide a widebody capable of flying between Singapore and the U.S. starting in 2018. SIA ultimately ordered seven A350-900ULRs in part because of the 777X’s later development schedule.

SIA became the launch customer for the 787-10 in 2013, when it placed its first order for 30 of the biggest Dreamliners for delivery starting in 2018. Wednesday’s LOI marks the the SIA Group’s first order for the largest member of new 777X family, scheduled to enter service in 2020.

Along with the 30 previously ordered 787-10s, SIA holds outstanding orders with Airbus for five A380-800s and 57 A350-900s. SIA regional subsidiary SilkAir holds a firm order for 37 Boeing 737 Max 8s, while SIA long-haul, low-fare unit Scoot holds an order eight 787-8/9s and SIA budget carrier Tigerair holds an order with Airbus for 39 A320neos.

(Gregory Polek -AINOnline News) 

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