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Boeing front-runner for $13.8b Singapore Airlines aircraft order

February 10, 2017


Abstract : Boeing Co is the front-runner for a Singapore Airlines order of at least 35 wide-body aircraft that could be valued at around $13.8 billion at list prices, Bloomberg reported on Thursday.

BEIJING, Feb. 10 (Xinhua) -- Boeing Co is the front-runner for a Singapore Airlines order of at least 35 wide-body aircraft that could be valued at around $13.8 billion at list prices, Bloomberg reported on Thursday.

A decision to go with ­Boeing would be a setback for Airbus Group, which plans to build a bigger version of its A350 although these plans have already been placed on hold amid uncertainty over demand for wide-body jets.

Singapore Airlines is looking at choosing 20 of the latest model of Boeing's 777, the 406-seat 777-9 over a stretched version of the Airbus A350, Bloomberg said, citing people familiar with the matter.

It is also poised to take at least 19 of the longest ­Dreamliner model, the Boeing 787-10, it reported, adding that the order could be unveiled this week.

Singapore Airlines said in a statement that it has discussions with aircraft manufacturers on a regular basis about its fleet requirements.

"Such discussions are confidential until we have a firm deal to announce," it said.

Singapore Airlines has also reviewed a proposed version of the twin-engine 777 that would carry about 450 passengers, a load previously handled by four-engine jumbo jets only, Bloomberg said.

"The global trend is to replace inefficient planes with efficient ones," Bloomberg reported, citing K. Ajith, an analyst at UOB Kay Hian Pte in Singapore. "This move is to bring down their cost."

Singapore Airlines reported a 36 percent drop in net income for the quarter through December, claimed on Tuesday that 2017 will be another challenging year amid "tepid global economic conditions and geopolitical concerns," according to the Bloomberg report. (Global Times)

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