SFGate: Singapore Leasing Firm Orders Boeing 737s

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Tuesday, April 25, 2006 (AP)
Singapore Leasing Firm Orders Boeing 737s



   (04-25) 02:56 PDT SINGAPORE, (AP) --

   Singapore Aircraft Leasing Enterprise said Tuesday it has ordered 10 737
Next Generation aircraft from Boeing Co. due to strong demand from
airlines.

   The Singapore Airlines Ltd. affiliate added that the aircraft will be
delivered in 2009 and 2010.

   The 737 Next Generation aircraft have a list price of $67.5 million each,
which works out to $675 million in total.

   The "next-generation" moniker refers to Boeing 737-600s to -900s. Those
models received a technology overhaul, new flight deck and other
improvements over previous models.

   Robert Martin, SALE managing director and chief executive officer, said
that the new order with Boeing reflected the company's success with its
initial batch of 737-800s, half of which have already been placed with
airlines well in advance of delivery.

   "Demand for leased aircraft from the Next-Generation 737 series remains
strong with airlines from all sectors of the industry," he said.

   Aircraft leasing company SALE has 79 aircraft leased to 33 airlines
worldwide and has 32 aircraft on firm order for future delivery,
comprising 30 B737 NGs and two A320s from Airbus. -------------------------=
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Copyright 2006 AP

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