Manufacturing Industry
Singapore Airlines to sell used Boeing aircraft
Airline Industry Information, Nov 1, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Singapore Airlines has announced that it is to sell four of its Boeing 747-400 aircraft which are currently leased to other airlines.
The airline would not comment on the age of each aircraft but when new the 747-400 are worth around USD213m each. Singapore Airlines operates one of the youngest fleets in the industry with an average age of just five years.
Singapore Airlines reported a 17% rise in quarterly net profit on 28 October 2004 and also sold and leased back a Boeing 777-300 aircraft, reports Reuters.
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