SIA buying 60 mid-sized jets in $21b mega deal

SIA buying 60 mid-sized jets in $21b mega deal

SINGAPORE Airlines will spend US$17 billion (S$21.4 billion) to buy 60 new mid-sized jets, making it the biggest announcement of aircraft orders in the airline's history.

The deal is for 30 Airbus 350s and 30 Boeing 787s, with deliveries starting from 2016 till 2018.

The A-350 can carry about 310 passengers in three classes, while the Boeing 787-10x has a capacity of 320.

The latest buy outstrips SIA's previous mega deal just seven months ago, when it bought 25 planes worth US$7.5 billion.

SIA said in a statement yesterday that the deal with Airbus includes an option to purchase 20 more planes in addition to the 30 firm orders. The options can be converted to firm orders for bigger A350-1000s, it added.

But the new order for the B787-10x is subject to Boeing deciding to go ahead with the project, SIA said.

Both Airbus and Boeing aircraft, touted as fuel-efficient jets, will be used for medium- and long-haul routes, said SIA.

The new aircraft orders ensure that the airline retains its "industry leading position" and demonstrate SIA's commitment to Singapore as an air travel hub and "our confidence in the future for premium full-service travel", said SIA chief executive Goh Choon Phong.

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