Boeing receives $7.35 billion order

Singapore Airlines has signed a letter of intent to purchase up to 31 Boeing B777-300 Extended Range aircraft for $7.35 billion.

Singapore Airlines (SIA) has signed a letter of intent to purchase up to 31 Boeing B777-300ER (Extended Range) aircraft.

Eighteen of the 31 aircraft are firm orders for delivery between 2006 to 2010, while the remaining 13 are subject to exercise of purchase rights. At list prices, the order is worth approximately $7.35 billion, including the cost of spares and spare engines. General Electric GE90-115B engines will power the twin-engine aircraft.

SIA currently flies 55 B777s, and has another four B777s on firm order. With this latest order, the number of B777s in the SIA fleet will eventually reach 77.

The B777-300ER, seating about 350 passengers and with a range of 7,000 nautical miles, will be deployed on SIA’s long haul and medium-haul routes.

SIA Chief Executive Officer, Mr Chew Choon Seng, said the evaluation process was comprehensive, and the competition between Boeing and Airbus for the order was fierce.

“With its use of new generation avionics and materials, and its higher operating efficiency, the B777-300ER will deliver lower operating costs,” added Mr Chew. “It should integrate well with our existing fleet.”