Singapore Airlines (SIA) has inked a contract valued at US$2.8 billion ($3.77 billion) with General Electric (GE) on Feb 16.
The contract is for an additional order for 22 of GE’s GE9X engines to power the airline’s fleet of Boeing 777-9 aircraft.
The contract also includes an order for GE’s TrueChoice services for 12 years.
SIA has a total of 31 Boeing 777-9 aircraft on order and is slated to be the first airline in the Asia Pacific (APAC) region to operate this new generation widebody aircraft.
“The Boeing 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than any aircraft in its class,” reads the statement from SIA.
“Additionally, the GE9X is infused with the latest technology from GE, including heat-resistant Ceramic Matrix Composites (CMC) materials, additively-manufactured parts and lean-burn combustion that helps improve fuel efficiency,” it adds.
See also: China Airlines orders Airbus, Boeing jets in US$11.9 bil deal
Prior to this order, the airline had placed an initial order for 40 GE9X engines from GE.
“Singapore Airlines has been a long-standing customer and we are proud to continue to grow our relationship," says GE9X program general manager Mike Hoffmeister. “The GE9X engine offers a combination of power and fuel efficiency that is unmatched in its class.”
Lau Hwa Peng, senior vice president, engineering at SIA says, “The cutting-edge technologies that have gone into the Boeing 777-9 and the GE9X engines will help SIA to increase our operating efficiencies, lower our fuel burn, and materially reduce our carbon emissions. This will reinforce SIA’s position as a leading global airline, and enable us to capture future growth opportunities.”
See also: SIA Group’s passenger traffic up 8.3% y-o-y in November
As at 11.01am, shares in SIA are trading 1 cent higher or 0.19% up at $5.28.
Photo: Bloomberg
