Here is another edition of stock highlights where we provide updates on the latest corporate news and events.
Singapore Airlines Limited (SGX: C6L)
Singapore Airlines Limited, or SIA, has signed a letter of intent to purchase seven A350F freighter aircraft from Airbus (EPS: AIR), with an option to buy another five more.
Once delivered in the fourth quarter of 2025 (4Q2025), SIA will become the first airline to operate this new-generation wide-body freighter aircraft.
The letter of intent signed with the reputable aircraft manufacturer includes a swap of aircraft, where SIA will hand over 15 A320neo and two A350-900 passenger aircraft to Airbus.
By doing so, the airline can keep its capital expenditure low while still achieving its objective of renewing its fleet.
The new A350Fs can carry a similar volume of cargo as the Boeing 747-400Fs that it is replacing, but burns 40% less fuel, thus allowing the airline to save on fuel costs....