SIA

SIA: said it is ordering 8 more Boeing 777-300ER aircraft ( worth US$2.3 b at list prices), as part of its growth and aircraft replacement plans. The carrier will receive the new aircraft starting in the 2013-14 financial year, and will operate them on medium- and long-haul routes. The new aircraft, to be powered by General Electric’s GE90 engines, will join SIA’s existing fleet of 19 Boeing 777-300ERs.
The aircraft are being ordered for SIA's growth purposes as well as for replacement, in line with its longstanding policy of operating a young and modern fleet. The average age of SIA fleet--comprising 106 aircraft currently--is 6 years and 4 months, as of July.
SIA last month posted a sharper-than-expected 82% decline in 1Q net profit after soaring crude-oil prices pushed up its fuel bill, and warned of a difficult period ahead. In May, the carrier said it will start a no-frills low-fare subsidiary next year that will operate flights on medium- and long-haul routes, initially using Boeing 777-200 aircraft from the parent.