SIA purchase eases Airbus's woes
Kevin Done, London
July 24, 2006
SINGAPORE Airlines, one of the world's most influential buyers of new aircraft, late last week gave the first crucial backing to the new family of medium capacity, long-range jets announced last week by Airbus.
In a powerful vote of confidence for the troubled European aircraft maker, Singapore Airlines signed a letter of intent to buy 20 A350 XWB-900s, and at the same time added nine more orders for the Airbus A380 superjumbo in a combined deal worth $US7.5 billion ($9.97 billion) at list prices before heavy discounts.
In addition, it agreed to lease from Airbus 19 A330-300s for delivery in 2009 and 2010 to provide interim capacity until the new A350s can be delivered between 2012 and 2014.
SIA purchase eases Airbus's woes | Aviation | The Australian