Singapore Airlines in $7.5 bln Airbus deal

reuters.com

Oct 24 (Reuters) - Singapore Airlines said on Wednesday it will order five more Airbus A380 aircraft and 20 A350 planes in a deal valued at $7.5 billion.


As part of the agreement, Airbus will buy back SIA's five A340-500s, which will be removed from service in the fourth quarter of 2013.


The withdrawal of the A340-500s will result in the end of non-stop flights between Singapore and Los Angeles and between Singapore and Newark, SIA said in a statement.


Deliveries of the new Airbus planes, which have a list price of $7.5 billion, are due to begin in 2017.

Read full story: reuters.com

Posted: 25 Oct 2012 22:08:39

  
  

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