Singapore Airlines has secured its future capacity needs with the placement of a massive aircraft order with Boeing.
The national carrier has signed a letter of intent with the US planemaker for 20 Boeing 777-9 aircraft and 19 787-10 Dreamliners, with options for a further 12 jets. This means that the total order could rise to 51 twin-aisle jets in future, valued at up to US$18 billion at list prices.
The new aircraft, which are significantly more fuel-efficient than the models they replace, will allow SIA to expand its long-haul route network. This process has already started with the launch of new direct flights to the US, such as the Singapore-San Francisco route which commenced in 2016, using SIA’s new Airbus A350 aircraft.
“Today’s major order for wide-body aircraft enables us to continue operating a modern and fuel-efficient fleet, providing the SIA Group with additional expansion opportunities to ensure that we retain our industry-leading position,” said SIA’s CEO, Goh Choon Phong.
“We are continuing to invest for the future of the SIA Group. This order is also another demonstration of our commitment to further growing the Singapore hub, as we will be able to offer even more travel options for our customers.”
Neither the 777-9 nor the 787-10 are currently in commercial production; the 777-9 is the future successor to the existing 777-300 aircraft, while the 787-10 is the third and largest version of the Dreamliner series. The new aircraft will be delivered from the start of the next decade.
This agreement adds to SIA’s significant existing orders, which include 30 787-10s plus more than 50 A350s and additional A380s. As these new jets join the airline’s fleet, SIA will retire its older 777s and A330s.