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View all search resultsGaruda’s multi-billion dollar bet on 50 new Boeing jets will either modernize Indonesia's skies or ground the carrier in debt, depending entirely on whether the deal prioritizes operational logic over political optics.
The region, which has trailed other parts of the world in recovering from the Covid-19 pandemic's impact on aviation, is now catching up fast as travel rebounds and new opportunities emerge, said the firm's vice president of commercial marketing Darren Hulst.
"The proposed sale will improve Singapore's capability to meet current and future threats by providing a credible maritime force capable of deterring adversaries," the US Defense Security Cooperation Agency (DSCA) said in a statement.
Increasing deliveries of the popular single-aisle airplane is critical to restoring Boeing's financial stability, following years of production disruptions and crises that have left it deep in debt and losing money as planemakers receive the bulk of a customer's payment when they hand over an airplane.
The order is the first phase in a refresh of the Singapore Armed Forces maritime security capabilities. The aircraft will replace existing Fokker 50 planes, which have been in service since 1993, the statement said.
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