The Singapore Airlines (SIA) Group has reached agreements with Airbus and Boeing to revise its aircraft delivery schedule. As a result, some of the aircraft in the SIA Group’s order book will be delivered over a longer period than originally contracted, with the delivery stream spread out beyond the immediate five years. This will enable the SIA Group to defer more than $4 billion of capital expenditure between FY20/21 and FY22/23 to later years. It would also recalibrate the rate of introduction of capacity, following the disruption to the demand for air travel as a result of the Covid-19 pandemic.
In addition to spreading out its aircraft delivery stream, SIA has been able to respond to changes in its projected long-term fleet needs beyond FY25/26 with the conversion of 14 Boeing 787-10 aircraft into 11 additional Boeing 777-9 aircraft.
The revised SIA Group order book as of 9 February 2021 consists of: Aircraft Model | Total |
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Airbus A320 Family | 35 |
Airbus A350-900 | 15 |
Boeing 737-8MAX | 31 |
Boeing 787 Family | 20 |
Boeing 777-9 | 31 |