Singapore Airlines Ltd. agreed to spend $17-billion (U.S.) to buy 30 Airbus SAS and 30 Boeing Co. aircraft, underscoring the airline’s bet on a pick-up in the struggling premium class market.
The significant orders announced on Thursday make Singapore Airlines the long-awaited launch customer for a proposed stretched version of the 787 Dreamliner, boosting Boeing’s plans to offer a 320-seat aircraft designed in large part for crowded intra-Asian routes.
The move comes as SIA attempts a big strategy overhaul, pushing into the budget-airlines segment and expanding its regional network.
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