Singapore Airlines defers $3 billion of spending on Airbus, Boeing planes
Singapore Airlines Ltd said on Tuesday it would defer over S$4 billion ($3.01 billion) of spending on Airbus SE and Boeing Co planes after reaching agreements with the aircraft manufacturers to delay deliveries.
It will convert 14 of its Boeing 787-10 orders to 11 additional 777-9s to meet its fleet needs beyond the financial year ending in March 2026, the airline said in a statement.
“The agreements with Airbus and Boeing are a key plank of our strategy to navigate the disruptions caused by the Covid-19 pandemic,” Singapore Airlines Chief Executive Goh Choon Phong said.
