Singapore Airlines set to sign $13.8b order with Boeing

Monday, 23 October 2017 00:00 - - {{hitsCtrl.values.hits}}

Singapore Airlines (SIA) hopes to sign an agreement with Boeing for planes worth $13.8 billion during Prime Minister Lee Hsien Loong’s visit to Washington this week, reports said.

Lee said this in an interview with American news broadcaster CNBC, said a report in Straits Times.

In February, SIA agreed to place firm orders with Boeing for 20 777-9s and 19 787-10 Dreamliners, for additional growth and fleet modernisation through the next decade. Singapore Airlines spokesman Nicholas Ionides confirmed that the aircraft order announced as a letter of intent earlier this year is expected to be formally signed during PM Lee’s visit to Washington, the report said.

“More details will be announced after the signing of the purchase agreement with Boeing,” he said.

The letter of intent that SIA signed with the US airframe manufacturer also included six additional options for each aircraft type, which would enlarge the deal to as many as 51 planes.