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Friday, May 31, 2013

SIA in mind-boggling deals.

Singapore Airlines already had 40 A350-900s on order and now it has ordered another 30 Airbus and 30 Boeing aircraft in a deal valued at more than USD $17 billion,among the biggest in the airline's history according to Yahoo News.
This mega purchase is mind-boggling and it spooks the market these few days. From a high of $11.45 per share, it is now trading at $10.65 as I am typing.

We hope SIA knows what it is doing. In today's context, will newer aircrafts make a difference or is the pricing of the seats that matters most in the minds of the consumers?

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