Singapore Airlines has retired four Boeing 777-300ERs earlier than expected, as part of its wider culling of aircraft it has “deemed surplus to fleet requirements”. 

In its full-year financial results, where it reported a record net loss of S$4.3 billion ($3.2 billion), the SIA Group disclosed that it would retire another 12 aircraft earlier than scheduled. This brings the total number of early retirements in the year to 45. 

SIA 777 9V-SWD-c-Martin Oertle Creative Commons

Source: Wikimedia Commons

SIA will retire four 777-300ERs earlier than scheduled.

In total, the early retirement cost the group S$1.7 billion in impairment charges. 

Apart from the four 777-300ERs, SIA Group also retired eight 737-800s that previously operated with now-shuttered regional arm SilkAir

In November, SIA Group disclosed the early retirement of 33 jets — including seven Airbus A380s and several older 777s. 

Cirium fleets data indicates mainline carrier SIA to operate a fleet of 27 777-300ERs, of which only 13 are currently in service. 

The group’s fleet now stands at 162 passenger aircraft and seven freighters. Its six 737 Max 8 aircraft remain in storage, as the type is still grounded by the Singapore civil aviation authorities. 

SIA in early May raised S$2 billion ($1.5 billion) in sale-and-leaseback transactions involving 11 aircraft. These comprise seven A350-900s and four 787-10s. The sale-and-leasebacks are expected to boost SIA’s war chest as it tackles the continuing impact of the coronavirus pandemic.