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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Airlines Limited    SIAL   SG1V61937297

SINGAPORE AIRLINES LIMITED

(SIAL)
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Singapore's Scoot to convert 6 Airbus orders to larger A321neos, lease 10

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07/29/2019 | 06:21am EST
A flight crew passes a Singapore Airlines logo at Singapore's Changi Airport

SINGAPORE (Reuters) - Singapore Airlines Ltd's budget offshoot Scoot said on Monday it would convert six Airbus SE A320neo orders to the larger A321neo model and lease another 10 A321neos to help meet the airline's growth goals.

"The A321neos will inject growth possibilities to our network plans for 2020 and beyond," Scoot CEO Lee Lik Hsin said in a statement.

The jets will be fitted with 236 seats, 50 more than on its A320neos, the airline said. Deliveries are due to begin in the last quarter of 2020, with the planes to fly routes within six hours of its Singapore base.

"We are pleased that Scoot is adding the A321neo to its fleet," an Airbus spokesman said in a statement.

Scoot, which has 37 A320neo family jets on order, had once planned to take 14 Boeing Co 737-800s from Singapore Airlines regional arm SilkAir.

Those plans were shelved after the global grounding of the 737 MAX jet because SilkAir required the aircraft to replace lost 737 MAX capacity.

(Reporting by Jamie Freed; Editing by Muralikumar Anantharaman)

Stocks treated in this article : Airbus SE, Boeing Company (The), Singapore Airlines Ltd.
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -1.12% 136.28 Real-time Quote.5.75%
BOEING COMPANY (THE) -1.39% 314.28 Delayed Quote.-5.14%
E.ON SE -0.14% 10.302 Delayed Quote.8.11%
SINGAPORE AIRLINES LIMITED 1.02% 8.93 End-of-day quote.-1.87%
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Financials (SGD)
Sales 2020 17 038 M
EBIT 2020 1 066 M
Net income 2020 678 M
Debt 2020 7 741 M
Yield 2020 3,58%
P/E ratio 2020 15,6x
P/E ratio 2021 13,7x
EV / Sales2020 1,07x
EV / Sales2021 1,17x
Capitalization 10 488 M
Technical analysis trends SINGAPORE AIRLINES LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 10,23  SGD
Last Close Price 8,85  SGD
Spread / Highest target 29,9%
Spread / Average Target 15,6%
Spread / Lowest Target 1,36%
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Managers
NameTitle
Choon Phong Goh CEO & Non-Independent Executive Director
Lim Huat Seah Independent Non-Executive Chairman
Chin Hwee Ng EVP-Human Resources & Operations
Stephen Barnes Senior Vice President-Finance
Wei Jun Wang Senior Vice President-Information Technology
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