August 10, 2011
SINGAPORE: Singapore Airlines (SIA) said Wednesday it has placed an order for eight Boeing 777-300ER aircraft, worth US$2.3 billion at list prices.
The order is to support the Singapore carrier's growth plans, SIA said in a statement.
"These additional B777-300ERs will help support our ongoing programme to further strengthen the Singapore Airlines network, providing more travel options to our customers," chief executive Goh Choon Phong said.
"The order is in line with our longstanding policy of operating a young and modern fleet."
Goh said the fresh orders will enable the carrier "to offer our latest cabin products which have proven extremely popular with our customers."
The new planes, which will be powered by General Electric GE90 engines, will fly the airline's medium and long-haul destinations, SIA said.
SIA's current 106-strong fleet includes 19 Boeing 777-300ERs, the carrier said.
The Singapore carrier expects to take delivery of the new planes in its 2013-2014 financial year and it will configure the aircraft in a three-class layout.
SIA earned a profit of S$1.09 billion (US$900 million) in the year to March 2011 on revenues of S$14.5 billion.