Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Boeing front-runner for $13.8 billion Singapore Airlines order - Bloomberg

Published 02/08/2017, 09:20 PM
Updated 02/08/2017, 09:30 PM
© Reuters. FILE PHOTO -  Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo
BA
-
AIR
-
SIAL
-

(Reuters) - Boeing Co (N:BA) is the front-runner for a Singapore Airlines Ltd (SI:SIAL) order of at least 35 wide-body aircraft that could be valued at around $13.8 billion at list prices, Bloomberg reported.

A decision to go with Boeing would be a setback for Airbus Group (PA:AIR), which plans to build a bigger version of its A350 although these plans have already been placed on hold amid uncertainty over demand for wide-body jets.

Singapore Airlines is looking at choosing 20 of the latest model of Boeing's 777, the 406-seat 777-9 over a stretched version of the Airbus A350, Bloomberg said, citing people familiar with the matter.

It is also poised to take at least 19 of the longest Dreamliner model, the Boeing 787-10, it reported, adding that the order could be unveiled this week.(http://bloom.bg/2lscCA1)

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.

Boeing declined to comment.

© Reuters. FILE PHOTO -  Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.