Boeing Sells 20 Jets in Singapore - TheStreet

Boeing

(BA) - Get Report

inked a deal with a Singapore Aircraft Leasing Enterprise, or SALE, that could be worth as much as $2.78 billion.

The Singaporean aircraft lessor said Tuesday it placed firm orders with Boeing for 20 737 passenger jets, with purchase rights for another 20. Boeing confirmed the announcement in a statement.

Deliveries are scheduled between the fourth quarter of 2006 and the end of 2009.

SALE said the Boeing 737-800 model is the "baseline" aircraft for its orders. The list price for a single 737-800 is $61.5 million to $69.5 million, according to Boeing's Web site. SALE also said it had the flexibility to convert its orders to the smaller 737-700 or Boeing's proposed higher-capacity 737-900X. Boeing dubs all of these 737 models "next-generation" because they have greater fuel efficiency than earlier versions of the 737.

With U.S. airlines in turmoil because of overcapacity and a cutthroat pricing environment, not to mention high fuel costs,

most of Boeing's recent commercial plane orders have come from overseas.

Boeing shares finished Monday's session down 32 cents, or 0.6%, at $56.84.