Singapore Airlines in $7.5 bln Airbus deal
25 Oct 2012 22:08:39
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.
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