The Philippine Government has approved the purchase of three Lockheed Martin C-130J-30 Super Hercules military transport aircraft, marking a reduction from the originally planned acquisition of five aircraft.
SIA Revises Aircraft Delivery Agreements; Defers Over $4 Billion in Capital Expenditure
(11 Feb 2021) The Singapore Airlines Group has reached agreements with Airbus and Boeing to revise its aircraft delivery schedule.
As a result, some of the aircraft in the group’s order book will be delivered over a longer period than originally contracted, with the delivery stream spread out beyond the immediate five years.
The revised deals will enable SIA to defer more than $4 billion of capital expenditure between FY20/21 and FY22/23 to later years.
It will also recalibrate the rate of introduction of capacity, following the disruption to the demand for air travel as