Scoot, the low-cost subsidiary of Singapore Airlines (SIA) has signed a Letter of Intent (LOI) to add nine new Embraer E190-E2 aircraft. The LOI was signed with aircraft lessor Azorra.
The additions will support Scoot’s network growth strategy, with the airline noting that the investment underscores its confidence in the growing demand for air travel in Asia. It adds that the addition will allow the airline to better match capacity to demand as it enhances its regional network.
Scoot will be the first Singaporean carrier to operate the E190-E2, which is the latest variant of Embraer’s line of regional jets.
The aircraft can seat 112 customers in a single-class configuration and will be deployed on short- and medium-haul flights of up to five hours. This will complement the larger Airbus A320 and Boeing 787 aircraft that’s already in Scoot’s fleet.
Leslie Thng, Scoot’s CEO says the expansion of the fleet will enable the airline to “continue operating a modern and fuel-efficient fleet.”
“It also affirms our commitment to offer even more travel opportunities for our customers at the same great value. The new aircraft ensures that Scoot is ready for growth by enhancing our connectivity in the region and supports the further development of our Singapore hub,” Thng adds.
See also: SIA to adjust conversion prices of 1.625% convertible bonds due 2025 after interim dividend
Shares in SIA closed 1 cent lower or 0.17% down at $5.84 on Feb 17.
