Singapore Airlines (SIA) has formally signed a firm order with Boeing
for 20 777-9s and 19 787-10s, for additional growth and fleet modernization
through the next decade.
The signing took place
on October 23, 2017 at the White House in Washington DC, at a ceremony
witnessed by US President Donald Trump and Prime Minister of Singapore Lee
Hsien Loong. It represents the finalization of an agreement that was announced
in February 2017 as a letter of intent.
Signing the agreement
for SIA was CEO Goh Choon Phong, with Chairman Peter Seah. Signing for Boeing
was Kevin McAllister, President and CEO, Boeing Commercial Airplanes, with
Dinesh Keskar, Senior Vice President, Asia Pacific & India Sales, Boeing
Commercial Airplanes.
The purchase
agreement comprises 39 firm orders, as well as six options for each aircraft
type - which if exercised will enlarge the deal to as many as 51 aircraft. The
firm orders are valued at US$13.8 billion, based on Boeings published list
prices.
"SIA has been a
Boeing customer for many decades and we are pleased to have finalized this
major order for wide-body aircraft, which will enable us to continue operating
a modern and fuel-efficient fleet," said SIA CEO Goh Choon Phong.
"These new aircraft
will also provide the SIA Group with new growth opportunities, allowing us to
expand our network and offer even more travel options for our customers."
The 777-9s are
intended primarily for long-haul routes and are due for delivery from the
2021/22 financial year. The 787-10s are to be operated on medium-range routes
and are due for delivery from the 2020/21 financial year.
SIA is due to take
delivery of the worlds first 787-10 in the first half of 2018, from a 2013
order with Boeing for 30 aircraft.
"Boeing and Singapore
Airlines have been strong partners since the airlines first operations 70
years ago and we are thrilled to finalize their purchase of 20 777Xs and 19
additional 787-10 Dreamliners," said Kevin McAllister, President and CEO,
Boeing Commercial Airplanes.
"Singapore Airlines
order is a testament to the market-leading capabilities of Boeings wide-body
airplanes and we look forward to delivering the very first 787-10 to them next
year."
SIA has more than 50
current-generation Boeing 777 aircraft in service. Subsidiaries SilkAir, Scoot
and SIA Cargo also operate Boeing aircraft, with 737 MAX 8 and 737-800, 787-8/9
and 747-400 Freighter types in service, respectively.