SilkAir, the regional wing of Singapore Airlines, and Boeing signed (03-Aug-2012) a LoI to purchase up to 68 new aircraft from Boeing. The order is the largest in SilkAir’s history and remains subject to the negotiation of a final purchase agreement. It will comprise firm orders for 54 aircraft and purchase rights for another 14. Firm orders will comprise 23 737-800s and 31 737 MAX 8s. SilkAir will have the flexibility to switch to other variants within the 737 product range. The firm-ordered aircraft are valued at USD4.9 billion based on current Boeing list prices. 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 currently operates 21 A319s and A320s, with three more A320s due for delivery by the end of 2013. The new aircraft will cater for both growth and fleet renewal. SilkAir CEO 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. “We continue to see very strong growth within the region and these new aircraft will position SilkAir well. They will enable us to spread our wings to even more destinations and increase capacity on existing routes, contributing to the overall SIA Group network,” Mr Tan said, adding "the selection of the B737 follows detailed evaluations and extensive negotiations with both Airbus and Boeing". [more - original PR - Boeing] [more - original PR - SilkAir]
SilkAir confirms commitment to order 31 737 MAX 8s and 23 737-800s
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"A truly remarkable lineup of airlines"; over 50 executives at CAPA's Airline Fleet & Finance Summit
CAPA’s Airline Fleet & Finance Summit will be attended by "A truly remarkable lineup of airlines" from all continents of the globe, represented by their senior finance officers.
First time attendees at the event include Air Tahiti, euroAtlantic Airways, Pakistan International Airlines, Saudia, TAAG and start-up flymojo.
They are joined by AirAsia's Group Head of Strategy, the Deputy Chief Executive Officer & Chief Financial Officer of Asia Aviation Capital Limited, the Vice President, Fleet & Corporate Finance of Allegiant, Cebu Pacific's Director, Corporate Finance & Investor Relations, China Eastern's General Manager of CEA International Financial Leasing Corporation Limited, KLM's Director Group Treasury, Malaysia Airlines' Group CEO, Finnair's CFO, IndiGo's Director - Aircraft Acquisition and Financing and many others.
Together with 15 stand-alone presentations from airline CFO/treasury/finance heads outlining their fleet and financing plans + over 50 airline representatives attending the unique CAPA Fleet Marketplace – the CAPA Airline Fleet & Finance Summit (2/3-Mar, Singapore) at Capella Sentosa is not to be missed.
The CAPA airline fleet quiz: 15 challenging questions. CAPA Summit Singapore 2/3 March
Test your knowledge of the global aircraft fleet with this CAPA Quiz. If you have access to the comprehensive CAPA Fleet Database, it should be a breeeeze.
Rank your result:
15/15 = Outstanding! – you should set up your very own aircraft leasing company.
13-14/15 = Excellent – your colleagues should say the word ‘wiki…’ in front of your first name around the office.
10-12/15 = Very good – someone should shout you several drinks at the next air finance gathering.
9 or below/15 = Time to brush up – you need to sign up for CAPA's Fleet Database immediately.
Visit http://capaevents.com/AFFS17 for the answers