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

Author: Akanksha Bakshi | February 15, 2022 08:51am

Singapore Airlines (OTC:SINGY) has ordered an additional 22 GE9X engines from General Electric Co (NYSE: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 (NYSE: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.