, Singapore

SIA mulls over buying 20 of Boeing's long-range jets

The aircraft would be valued at $13.8b.

According to a report from Bloomberg, Boeing Co. is the front-runner as Singapore Airlines Ltd. closes in on an order for at least 35 wide-body aircraft amid a battle with Chinese and Middle Eastern carriers, people familiar with the matter said.

Southeast Asia’s biggest long-distance carrier is considering buying 20 of Boeing’s long-range 777-9 jets, which are set to debut at decade’s end, after studying a rival bid for Airbus Group SE’s A350 aircraft, one of the people said. The carrier also is poised to take at least 19 of the Boeing 787-10, the longest Dreamliner model, the person said.

Those aircraft would be valued at $13.8 billion based on list prices, before the discounts that are customary in the industry. The order could be unveiled this week, said the people, who asked not to be identified because the talks are private.

Read the rest of the story here.

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