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General Electric Co (GE) Financial News - Singapore Air Orders Eight Boeing 777s to Tap Travel Demand

General Electric Co (GE)

Singapore Air Orders Eight Boeing 777s to Tap Travel Demand

Quote: SingaporeGeneral Electric Co. (GE)GE90 engines. The airplane, 19 percent lighter than its closest competitor according to Boeing, may also help Singapore Airlines control costs as rising jet fuel prices damp industry profit. Fuel will represent 29 percent of airline expenses in 2011, the second-highest proportion on record, according to International Air Transport Association estimates. Jet fuel prices rose 35 percent in the past 12 months to $121.60 a barrel on Aug. 8 in Singapore, according to Bloomberg data. The Singapore Airlines 777-300ERs will have a three-class layout, according to the carrier’s statement. Airbus SAS. The latest order brings the number of purchase and lease orders with the two manufacturers to 70, including those for the Airbus A380 and Boeing 787, the company said. estimates. kpark3@bloomberg.net ndenslow@bloomberg.net ...
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