Singapore Airlines Inks $2.8B Order For 22 GE9X Engines, Services

  • Singapore Airlines SINGY has ordered an additional 22 GE9X engines from General Electric Co GE operating unit GE Aviation to power its 777-9 aircraft fleet.
  • The order includes a 12-year GE TrueChoice services contract and is valued at $2.8 billion at list price.
  • Singapore Airlines has 31 Boeing Co BA 777-9 aircraft on order. In 2017, the airline had placed an initial order for 40 GE9X engines.
  • The Boeing 777-9 will be the world's largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions, and operating costs than any aircraft in its class.
  • Like all GE commercial engines, both the GE9X and GE90 are compatible with any approved Sustainable Aviation Fuel (SAF).
  • Price Action: GE shares are trading higher by 1.48% at $98.03 during the premarket session on Tuesday, and SINGY closed higher by 0.59% at $7.66 on Monday.
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