Singapore Aircraft Leasing Enterprise Orders 10 Boeing 737s

Singapore Aircraft Leasing Enterprise (SALE) has ordered 10 Boeing Next-Generation 737s, plus 10 options and 10 purchase rights.

The agreement, valued at US$675 million at list prices for the 10 firm airplanes, is the second SALE order for 737s in less than a year, after an order for 20 airplanes in May 2005. The new airplanes are scheduled for deliveries beginning in 2009 and extending through 2010.

The 737-800 is the baseline model SALE has specified; however, the agreement provides for conversions to other Next-Generation 737 family models at a later date.

The success that SALE has found in placing the 737s from its first order was instrumental in the follow-on purchase. The 737's flexibility, dispatch reliability and economic and environmental performance have proven attractive as SALE expands its global customer base.

"Demand for leased aircraft from the Next-Generation 737 series remains strong with airlines from all sectors of the industry," said SALE Managing Director and Chief Executive Officer Robert Martin. "The decision to acquire the Next-Generation 737 series has been an excellent exercise in portfolio diversification."

See other recent news regarding: Travel News Asia, 737, SALE, Boeing