Singapore Airlines defers $4 billion of spending on Airbus, Boeing planes

Reuters

09/02/2021

10:04 MYT

Singapore Airlines defers $4 billion of spending on Airbus, Boeing planes

Singapore Airlines Ltd said on Tuesday it would defer over $4 billion of spending on Airbus SE and Boeing Co planes. REUTERS pic

SINGAPORE:Singapore Airlines Ltd said on Tuesday it would defer over $4 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.