Boeing (NYSE:BA) in the lead to clinch an order of 35 wide-body aircraft from Singapore Airlines (OTCPK:SINGY), valued at $13.8B based on list prices, Bloomberg reports.
Southeast Asia’s biggest long-distance carrier is considering buying 20 of Boeing’s long-range 777-9 jets, which are set to debut at decade’s end, after studying a rival bid for Airbus Group SE’s A350 aircraft, one of the people said. The carrier also is poised to take at least 19 of the Boeing 787-10, the longest Dreamliner model, the person said. 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,” said K. Ajith, an analyst at UOB Kay Hian Pte in Singapore. “This move is to bring down their cost.”
Boeing shares rose 0.3 percent to $164.34 at 7:20 p.m. in New York, while shares of Singapore Air gained 0.7 percent to S$9.87 as of 9:23 a.m. in Singapore trading