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SIA takes 15 A330s

By control on June 30, 2011

Capping off a busy month for A330 orders, Singapore Airlines has finalized an agreement to buy 15 A330-300s. The carrier currently boasts 19 of the planes in its fleet.

"The news underscores the position of the A330 as the most popular aircraft in its class, offering levels of comfort, efficiency and reliability that continue to make it a winner with airlines worldwide," Airbus' COO, Customers, John Leahy, said in a statement.

The Singapore deal is only the latest of a slew of A330 orders this year alone. Saudi Arabian Airlines signed an order for four A330-300s on June 20 to add to the eight planes it ordered in July 2008. Korean Air ordered five A330s at the beginning of May. In March, Cathay Pacific submitted a firm order for 15 A330-300s, and Iberia signed an MoU for eight planes.

“[There] is a simple reason for this continued success: the best economics of its generation,” Crawford Hamilton, who is in charge of marketing for the A330 and A340 planes, said in May. “The aircraft is seen as a long-term investment by airlines and investors.”

At the time, Airbus officials said they would raise the A330 production rate to 10 planes a month starting in the second quarter of 2013. As of May 31, Airbus has tallied 1,127 orders for aircraft in the A330 family.

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