Boeing signs $13.8 billion deal with Singapore Airlines

Singapore Airlines (SIA) added to its expanding fleet of widebody aircraft October 23 with a formal signing at the White House, in the presence of US President Donald Trump and Singapore Prime Minister Lee Hsein Loong, for 20 Boeing 777-9s and 19 787-10s, with options for 12 additional aircraft, six of each type.

The deal had been announced previously, but Mr. Trump hosted the event in the Roosevelt Room to emphasize the strength of the U.S. -Singapore economic and national security ties as he prepares for a nine-day trip to Asia.

On Tuesday, the airline said in a Singapore Exchange filing that a firm order with Boeing for 20 777-9s and 19 787-10s was confirmed for "additional growth and fleet modernisation through the next decade".

The signing ceremony, witnessed by US President Donald Trump and Prime Minister of Singapore Lee Hsien Loong, included Singapore Airlines' CEO Goh Choon Phong and Boeing Commercial Airplanes' President & CEO Kevin McAllister.

The services agreement is valued at more than US$1.7 billion. "Otherwise we cancel the order". According to Boeing, the 787-10s will serve SIA's "medium-range operations while partnering with the 777-9 for the carrier's long-haul routes".

Besides the 39 orders, the purchase agreement comprises six options for each aircraft type, which if exercised will enlarge the deal to as many as 51 aircraft, SIA said.

Image: A Boeing 787-10 Dreamliner for Singapore Airlines.

More than 600 Dreamliners have been delivered to 60 airlines of a total of 1280 orders.

The 787-10, the largest family member, adds seats and cargo capacity while offering 25 percent better fuel efficiency per seat and lower emissions than the airplanes it will replace.

The 777X is the new version of Boeing's twin engine long-range jet series.

Vanessa Coleman