Asian airlines order 94 Boeing 737s worth $8.3 billion
HONG KONG - Subsidiaries of China Southern Airlines and Singapore Airlines announced orders Friday of 94 Boeing 737s worth $8.3 billion at list prices.
A spokesman for China Southern Airlines said its Xiamen Airlines subsidiary is buying 40 Boeing 737s worth $3.4 billion as part of its strategy to expand international routes.
The company, which is China's biggest airline by passenger numbers, said Xiamen Airlines is paying "significantly lower" than the $3.4 billion sticker price. It's common practice for plane makers to give airlines discounts, and the final selling price for aircraft is rarely disclosed.
The jets will be delivered from 2016 to 2019. China Southern said they will be used to help with the company's "internationalization" plans.
Xiamen Airlines, based in eastern Fujian province, and its parent company are joining other domestic Chinese airlines as they add overseas routes to avoid competing with China's burgeoning high speed rail network.
Meanwhile, Singapore Airlines said its regional wing, SilkAir, signed a letter of intent Friday to order 31 Boeing 737 MAX 8s and 23 Next-Generation 737-800s. When finalized, the agreement will be worth $4.9 billion at list prices.
SilkAir also has purchase rights for an additional 14 jetliners, for a total potential purchase of 68 aircraft.
The order is the largest in SilkAir's history and remains subject to the negotiation of a final purchase agreement.
Deliveries are due to begin in 2014 and continue to 2021, by which time the airline's fleet will have more than doubled in size.
SilkAir Chief Executive Marvin Tan said the size of the order reflects the Airline's confidence in the Asia-Pacific air travel market, helping the carrier maintain annual double-digit percentage growth rates through the end of this decade and beyond.
A spokesman for China Southern Airlines said its Xiamen Airlines subsidiary is buying 40 Boeing 737s worth $3.4 billion as part of its strategy to expand international routes.
The company, which is China's biggest airline by passenger numbers, said Xiamen Airlines is paying "significantly lower" than the $3.4 billion sticker price. It's common practice for plane makers to give airlines discounts, and the final selling price for aircraft is rarely disclosed.
The jets will be delivered from 2016 to 2019. China Southern said they will be used to help with the company's "internationalization" plans.
Xiamen Airlines, based in eastern Fujian province, and its parent company are joining other domestic Chinese airlines as they add overseas routes to avoid competing with China's burgeoning high speed rail network.
Meanwhile, Singapore Airlines said its regional wing, SilkAir, signed a letter of intent Friday to order 31 Boeing 737 MAX 8s and 23 Next-Generation 737-800s. When finalized, the agreement will be worth $4.9 billion at list prices.
SilkAir also has purchase rights for an additional 14 jetliners, for a total potential purchase of 68 aircraft.
The order is the largest in SilkAir's history and remains subject to the negotiation of a final purchase agreement.
Deliveries are due to begin in 2014 and continue to 2021, by which time the airline's fleet will have more than doubled in size.
SilkAir Chief Executive Marvin Tan said the size of the order reflects the Airline's confidence in the Asia-Pacific air travel market, helping the carrier maintain annual double-digit percentage growth rates through the end of this decade and beyond.
What an awesome testimony to the longevity of the 737.Â
Â
But Boeing, come on. Why did you not get them to order 95?  Just kidding. Â
Â
Congrats to all the fine folks at Boeing that make the best planes in the world.
They know they can count on Boeing's products-the FAMOUS BRAND NAME !
To me this is good news as it creates pride for the workers that they're appreciated outside of the workplace for what they build day in and day out.
If you build it they will come.
Good news for Boeing and its workers ! I will be flying their planes soon !! ;)
That's those great Boeing union workers for you = )
 @TruthinAdverts Union has nothing to do with this. Union workers don't design airplanes. If this keeps up for a while, pretty soon, the union will want a share of the profits. Just wait till their next contract negotiation.
 @talan, SPEEA doesn't design the airplane? How about getting your facts straight before posting!!! Oh, Boeing and it's engineering/technical employees are in the middle of negotiations
Â
Let me help you...WWW.SPEEA.ORG
@talan @TruthinAdverts To feed the troll or not... Aw, why not. Who do you think builds them anyway? Who are the people who ... put their life on the line to deliver the jet (Re: they guy who lost his legs recently)? Who are the people that get up at all times of the day and night ... to see that the job is done right, and you have a safe flight?
Â
Union labor, that is who. And while we are at it, when they are working so hard - to deliver the product, why can't they get a part of the profits too?
Wow that's a big order, will provide a lot of work for awhile. Good job Boeing !!