Singapore Airlines 2002 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2002 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

FLEET
Fleet Modernization
In July 2001, SIA signed the purchase
agreement that will make the Airline the
first in the world to operate the world’s largest
passenger jet – the 500-seater A380-800.
SIA ordered 25, comprising 10 on firm order
and 15 on option, in a deal worth US$8.6
billion. The first A380-800 will enter service
in SIA livery in early 2006.
During the year, the Airline took delivery of
six B777-200ER (extended range) aircraft,
six B777-200s, two B777-300s and two-
B747-400s. This brought the number of
B777s and B747-400s in the SIA fleet to
33 and 39 respectively.
In July 2001, when Singapore Airlines
Cargo was corporatized, seven of the nine
B747-400 freighter aircraft in SIA’s fleet
were sold to Singapore Airlines Cargo, with
the remaining two committed to be purchased
by the subsidiary at the expiry of their
respective finance leases.
As part of the fleet modernization programme,
seven A340-300E aircraft and SIA’s last
two B747-300s were disposed of.
In March 2002, SIA signed an agreement
with Rolls-Royce for Trent 800 engines to
power its new B777-200 aircraft. A US$4
billion order for 20 aircraft – 10 firm and 10 on
option – had been placed in February 2001.
This order of the B777-200 aircraft will replace
the ageing A310 fleet.
At 31 March 2002, the SIA passenger fleet
stood at 92, with an average age of 5 years
and 9 months.
Deferral of Aircraft Deliveries
As part of the measures taken in the aftermath
of the September 11 events and the global
economic slowdown, the Airline deferred
deliveries of several aircraft.
In April 2001, the delivery dates of two
B777 options were deferred from November
and December 2002 to June and August
2003, respectively.
In November 2001, SIA and Airbus agreed
to defer the delivery dates of ten A340-
500 aircraft, of which five are on firm order
and five on option. Delivery of the first
A340-500, which had been due in January
2003, is now planned for October 2003.
The remaining four on firm order will be
delivered by March 2004.
In January 2002, SIA and Boeing agreed
to defer the delivery dates of five B777 and
one B747-400 freighter aircraft. Of the five
B777s, two are on firm order and the other
three are on option. The B747-400 freighter
aircraft is on firm order.
Deliveries of the two B777s on firm order,
initially due in August 2002 and September
2002, are now planned for August 2003
and November 2002 respectively. The new
delivery dates for the three on option are
between June 2006 and June 2008.
The B747-400 freighter aircraft, originally
scheduled for delivery to Singapore Airlines
Cargo in September 2002, will now be
delivered in February 2003.
Onboard Security Measures
In response to the new focus on security,
the Company completed the installation of
two mechanical latches (deadbolts) on the
cockpit doors of all 102 SIA and SilkAir
passenger aircraft by the end of November
2001. In addition, all cockpit doors were
reinforced by March 2002.
Other security measures are being
implemented, but because of the need to
keep security systems confidential, details
cannot be provided in this report. What can
be said is that SIA is doing as much as any
major airline to ensure the safety of its
passengers and crew.
SIA Annual Report 01/02 19