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SIA Orders 5 A380s And 20 A350-900s  
User currently offlineworldrider From Switzerland, joined Nov 2007, 302 posts, RR: 0
Posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19718 times:

This is the confirmation of an MUO signed back in october, it's now on the books
i wonder if it's accounted as an 2012 order.
it makes a total 24 A380s for the company, anyone knows how many 350s SIA has on the books?

here is a confirmation link, only in french:
http://fr.news.yahoo.com/airbus-d%C3...-milliards-092312489--finance.html

40 replies: All unread, showing first 25:
 
User currently offlineAsiaflyer From Singapore, joined May 2007, 1162 posts, RR: 0
Reply 1, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19722 times:

SQ has now 40 A350 on order.


SQ,MI,MH,CX,KA,CA,CZ,MU,KE,OZ,QF,NZ,FD,JQ,3K,5J,IT,AI,IC,QR,SK,LF,KL,AF,LH,LX,OS,SR,BA,SN,FR,WF,1I,5T,VZ,VX,AC,NW,UA,US,
User currently offlineKarelXWB From Netherlands, joined Jul 2012, 13065 posts, RR: 35
Reply 2, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19618 times:

Great news for the A350. The backlog is now:

+ 562
+ 10 (CIT)
+ 20 (SQ)

Total: 592

Air France is also closing on their order for 25 A350 aircraft, that would take the backlog beyond 600 frames before EIS.

[Edited 2013-01-11 02:09:24]


Only two things are infinite, the universe and human stupidity. And I'm not sure about the universe.
User currently offlinemaxter From Australia, joined May 2009, 225 posts, RR: 0
Reply 3, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19509 times:

Congrats Airbus, well done SQ.
Great news for both programs.



maxter
User currently offlineKarelXWB From Netherlands, joined Jul 2012, 13065 posts, RR: 35
Reply 4, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19483 times:

And the press release:
http://www.airbus.com/presscentre/pr...der-for-more-a380s-and-a350-xwbs/#

The deal was completed in 2012 and follows an agreement in October 2012.



Only two things are infinite, the universe and human stupidity. And I'm not sure about the universe.
User currently offlineEPA001 From Netherlands, joined Sep 2006, 4934 posts, RR: 40
Reply 5, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19220 times:
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Quoting KarelXWB (Reply 2):
Air France is also closing on their order for 25 A350 aircraft

They are taking their time on this one. The engine maintenance deal seems to be the issue which delays this A350-order.

But good to hear that the SIA-order for the A380's and A350's is now firmed up.  Smile

[Edited 2013-01-11 02:33:26]

User currently offlineKarelXWB From Netherlands, joined Jul 2012, 13065 posts, RR: 35
Reply 6, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19174 times:

Quoting EPA001 (Reply 5):
They are taking their time on this one. The engine maintenance deal seems to be the issue which delays this A350-order.

True, the MoU dates from 2011. But Reuters and the WSJ are now reporting that they will firm the order by the end of March.



Only two things are infinite, the universe and human stupidity. And I'm not sure about the universe.
User currently offlineEPA001 From Netherlands, joined Sep 2006, 4934 posts, RR: 40
Reply 7, posted (1 year 11 months 1 week 3 days 11 hours ago) and read 19154 times:
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Quoting KarelXWB (Reply 6):
But Reuters and the WSJ are now reporting that they will firm the order by the end of March.

Ah, thanks. That is news to me. Good news!  


User currently offlineBoeingVista From Australia, joined Jan 2009, 1584 posts, RR: 3
Reply 8, posted (1 year 11 months 1 week 3 days 10 hours ago) and read 18942 times:

Quoting EPA001 (Reply 5):
They are taking their time on this one. The engine maintenance deal seems to be the issue which delays this A350-order.

Yes they are but Air France CEO Alexandre de Junia commented last week that the order is on track for signing Q1 2013.



BV
User currently offlinelhcvg From United States of America, joined May 2009, 1641 posts, RR: 2
Reply 9, posted (1 year 11 months 1 week 3 days 9 hours ago) and read 18155 times:

Quoting KarelXWB (Reply 6):
True, the MoU dates from 2011. But Reuters and the WSJ are now reporting that they will firm the order by the end of March.

A bit OT, but how does Airbus account for orders like this where an MoU was made about 2 years ago, and just finalized in the last few months (where do they recognize the revenue)?


User currently offlineEK413 From Australia, joined Nov 2003, 5004 posts, RR: 4
Reply 10, posted (1 year 11 months 1 week 3 days 9 hours ago) and read 17987 times:

Wasn't the A380 order part of a A345 buy back deal...?

EK413



Good evening, ladies and gentlemen. We are tonight’s entertainment!
User currently offlineUnited885 From Germany, joined Apr 2011, 63 posts, RR: 0
Reply 11, posted (1 year 11 months 1 week 3 days 8 hours ago) and read 17926 times:

I remember that there was an accord between Airbus and SQ, that Airbus would take the A340-500´s back if SQ increase their A350 and A380 order.
Could the A350 be used to replace SQ´s old 772´s and 773´s? Some of them are almost 15 years old.

[Edited 2013-01-11 05:05:00]


I haven´t been everywhere, but it´s on my list.
User currently offlinena From Germany, joined Dec 1999, 10816 posts, RR: 9
Reply 12, posted (1 year 11 months 1 week 3 days 8 hours ago) and read 17768 times:

Quoting United885 (Reply 11):
Could the A350 be used to replace SQ´s old 772´s and 773´s? Some of them are almost 15 years old.

No need to wait for the A50, the older 777s are already going now, one is even just being scrapped.


User currently offlineSomeone83 From Norway, joined Sep 2006, 3498 posts, RR: 3
Reply 13, posted (1 year 11 months 1 week 3 days 8 hours ago) and read 17723 times:

Quoting United885 (Reply 11):
Could the A350 be used to replace SQ´s old 772´s and 773´s? Some of them are almost 15 years old.
Quoting na (Reply 12):
No need to wait for the A50, the older 777s are already going now, one is even just being scrapped

SIA will take delivery of quite a few 330-300 and 777-300ER the next few years that will cover this


User currently offlineUnited885 From Germany, joined Apr 2011, 63 posts, RR: 0
Reply 14, posted (1 year 11 months 1 week 3 days 8 hours ago) and read 17626 times:

Quoting Someone83 (Reply 13):

SIA will take delivery of quite a few 330-300 and 777-300ER the next few years that will cover this

You´re right, I remember, that they still have 8 77W and much more A333 on order.

Are there already discussed destinations that could be served with the additional A380´s?



I haven´t been everywhere, but it´s on my list.
User currently offlinejfk777 From United States of America, joined Aug 2006, 8491 posts, RR: 6
Reply 15, posted (1 year 11 months 1 week 3 days 8 hours ago) and read 17505 times:
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Quoting na (Reply 12):
No need to wait for the A50, the older 777s are already going now, one is even just being scrapped.

The A330 is doing most of the 777 replacing, the 77W is doing the longer haul routes too small for an A380. Some 777-200ER are still used to smaller European cities like Amsterdam. The A350-900 will probably do almost everything at SQ, from SIN to Australia to possibly nonstop to the USA.


User currently offlinejdevora From Spain, joined Aug 2006, 354 posts, RR: 7
Reply 16, posted (1 year 11 months 1 week 3 days 6 hours ago) and read 16300 times:

Quoting lhcvg (Reply 9):
A bit OT, but how does Airbus account for orders like this where an MoU was made about 2 years ago, and just finalized in the last few months (where do they recognize the revenue)?

As far as I know the order are only counted when they are signed.

JD


User currently onlineStitch From United States of America, joined Jul 2005, 31375 posts, RR: 85
Reply 17, posted (1 year 11 months 1 week 3 days 6 hours ago) and read 16218 times:
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Quoting lhcvg (Reply 9):
A bit OT, but how does Airbus account for orders like this where an MoU was made about 2 years ago, and just finalized in the last few months (where do they recognize the revenue)?

They will recognize some revenue at the signing of the MoU as they usually have a small payment attached to them. There will be another payment when the order is firmed and then once the airframe starts assembly, there will be progress payments and then a final payment made upon delivery of the airframe.

As to when the order is recorded on the books, that is when the order is firmed.


User currently offlinejumpjets From United Kingdom, joined Apr 2012, 890 posts, RR: 0
Reply 18, posted (1 year 11 months 1 week 3 days 4 hours ago) and read 14408 times:

Quoting lhcvg (Reply 9):
A bit OT, but how does Airbus account for orders like this where an MoU was made about 2 years ago, and just finalized in the last few months (where do they recognize the revenue)?

In essence the income wont be recognised until they have actually done some work to earn that income - which in broad terms will mainly be their accounting period when they build the plane, So delays between MOU and order may not delay income recognition it doesn't delay the actual manufacture of the plane.


User currently offlineFlyboyOz From Australia, joined Nov 2000, 1987 posts, RR: 25
Reply 19, posted (1 year 11 months 1 week 3 days ago) and read 11153 times:

Congratulations to SQ and Airbus. SQ has made the right decision.


The Spirit of AustraliAN - Longreach
User currently offlineKC135Hydraulics From United States of America, joined Nov 2012, 323 posts, RR: 0
Reply 20, posted (1 year 11 months 1 week 3 days ago) and read 11134 times:

Isn't Singapore Airlines having money troubles? I thought they were trying to get rid of pilots due to decreased flying demand/increased competition from gulf carriers. Where is all this money coming from to buy these new aircraft when they're struggling to compete?

User currently offlinen471wn From United States of America, joined Dec 2003, 1601 posts, RR: 2
Reply 21, posted (1 year 11 months 1 week 2 days 23 hours ago) and read 10711 times:
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Quoting na (Reply 12):
No need to wait for the A50, the older 777s are already going now, one is even just being scrapped.

Not scrapped by Singapore but by the leasing company---either way an unfortunate decision since no used 777's are for sale. Leasing company obviously did not try too hard to find this bird a new proper home!


User currently offlineWolbo From Netherlands, joined Mar 2007, 493 posts, RR: 1
Reply 22, posted (1 year 11 months 1 week 2 days 23 hours ago) and read 10397 times:

Could it be that SIA has taken the 5 A380 slots of Kingfisher? IIRC SIA had options for 6 A380 and have now ordered 5 which is equal to the Kingfisher order.

User currently offlineB2468 From United States of America, joined Sep 2009, 90 posts, RR: 0
Reply 23, posted (1 year 11 months 1 week 2 days 22 hours ago) and read 10135 times:

Great news!

I took my first flight on an A380 this past summer SIN-FRA-JFK (SQ26)...it was a great ride with great service! In terms of comfort and noise in Y, the A380 beats everything else. I didn't even need my earplugs!

Unfortunately I don't travel many places with A380 service, but I am looking forward to my next flight...hopefully on SQ!



Dash-8/ERJ/306/310/319/320/332/333/343/346/388/72S/731/732/733/734/73G/738/741/744/74E/752/762/763/77E/77W/DC9/D1C/M82
User currently offlinelhcvg From United States of America, joined May 2009, 1641 posts, RR: 2
Reply 24, posted (1 year 11 months 1 week 2 days 22 hours ago) and read 10001 times:

Quoting Stitch (Reply 17):
They will recognize some revenue at the signing of the MoU as they usually have a small payment attached to them. There will be another payment when the order is firmed and then once the airframe starts assembly, there will be progress payments and then a final payment made upon delivery of the airframe.

As to when the order is recorded on the books, that is when the order is firmed.
Quoting jumpjets (Reply 18):
In essence the income wont be recognised until they have actually done some work to earn that income - which in broad terms will mainly be their accounting period when they build the plane, So delays between MOU and order may not delay income recognition it doesn't delay the actual manufacture of the plane.

Thank you both! Jumpjets' point is what I was getting at - while you usually don't record revenue until it's "earned" to some extent, I tend to think orders like these might be something where production starts sooner than you would see otherwise because they can always sell the planes to someone who wants to jump in line if need be.


25 byronicle6 : AKL (SQ 285/286) has been talked about getting an upgrade to A380 before
26 Post contains links neutrino : Short of some financial upheaval of which unless you aware of, SQ is currently not having money troubles and they are not getting rid of pilots. They
27 MillwallSean : SQ might not have had a great 2012 but they have been profitable ever year for the last 20 years or so. I wouldnt call that struggle to compete. To t
28 olddominion727 : Amazes that a plane that is not even built and had to go back to the drawing board (pre XWB) has 600 on order
29 Post contains images Chiad : What ...? SIA is arguable the most well-run airline in the world. If there ever was a safe order then it's from SIA.
30 Post contains images warden145 : Here's to hoping SQ 1/2 to SFO becomes year-round A380
31 DCAJet : Amen to that! It is past midnight - after a long week - but is SFO # 1 with 380 ops or does JFK take the crown? Cheers
32 flipdewaf : Where I work(nothing to do with the airline industry) we follow a 40/50/10 rule normally for large equipment orders. 40% of price paid when we order,
33 warden145 : I imagine it's between JFK and LAX. LAX is getting A380's from SQ, QF, KE, and AF. I want to say there are a couple more either active or planned, bu
34 cmf : Detail alert... They typically receive a down payment at time of signing, and at other points before delivery, but revenue is not recognized until de
35 Post contains images United885 : They had +335 million S$ net income in 2012.
36 azjubilee : I might have missed it... Does SQ have an order for only 900s Or a mix of the type?
37 Stitch : They have -900s, but it is assumed they can change them for -800s or -1000s if they wish.
38 Post contains links trex8 : from CI annual report 2009 pg 60 (sorry but for some reason I cant copy and paste the pdf) . http://www.china-airlines.com/en/about/about_ar.htm for
39 RayChuang : My guess is that with the additional A380's, SQ will finally get two routes to fly the A380 year-round: SIN-NRT-LAX and SIN-HKG-SFO. SQ will assign th
40 changyou : Due to bad planning, SQ graduated more pilots into their system than expansion could cope. And at the same time promotion exercise within the tech cre
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