Aviation
Why Singapore Airlines Cancels Orders For Eight Boeing 737 MAX 8s
Singapore Airlines Group said that it had canceled orders with Boeing for eight 737-8 passenger aircraft.
The Singapore Airlines Group (SIA) claimed in its most recent annual results declaration that it put an agreement with Boeing for the aircraft order cancellation to satisfy its projected operational needs and its long-term fleet renewal strategy. Singapore Airlines switched three Boeing 787-9s for three bigger 787-10s while canceling the orders for the 737-8s.
In a statement on its full-year results, Singapore Airlines stated that these adjustments “are in line with the group’s long-term fleet renewal strategy, and support its projected operational requirements.” Following these modifications, the group now has 100 aircraft in its book.”
The SIA group has ordered 100 aircraft as a result. Along with three Airbus A350-900s and seven A350Fs, the full-service airline Singapore Airlines has orders for 15 787-10s, 31 777-9s, and 13 737-8s. The LCC arm of SIA, Scoot, has nine Embraer E190-E2s, 12 A320neos, six A321neos, three 787-8s, and one 787-9 on order. To make room for 11 more 777-9s and transfer two 787-9s to Scoot, SIA reduce its order of 787-10s from 44 to 30 in 2021.
Boeing completes Dreamliner family with first 787-10 delivery(Opens in a new browser tab)
According to SIA, the demand in the first quarter of fiscal 2023/24 was strong and was fueled by the rebound in East Asia’s air travel, where advance sales to China, Japan, and South Korea are still high across all classes.
The airline group’s operating profit for the last fiscal year, which concluded on March 31, was SGD $2.69 million ($2 million USD), a record profit for SIA. The airline group also announced an increase in aircraft orders.
