* Airbus announces 37 firm A320neo orders plus 13 options
* 37 firm orders worth $3.8 bln at list prices
* Tigerair is trying to renew fleet and stem losses
(Adds Airbus saying the deal also includes 13 options)
SINGAPORE, March 24 Singapore's Tiger Airways
Holdings Ltd has placed an order for 37 Airbus
A320neo aircraft worth $3.8 billion at list prices,
taking delivery of the planes from 2018 to 2025, the carrier
said in a statement on Monday.
Tigerair said an existing order for nine Airbus A320
aircraft, part of a larger order agreed in 2007, will now be
cancelled. These aircraft were originally scheduled for delivery
in 2014 and 2015.
Airbus said in a separate statement Tigerair had also taken
options on an additional 13 A320neo aircraft.
The long-term fleet renewal and expansion comes as Tigerair,
which is about 40 percent-owned by Singapore Airlines Ltd
, takes steps to try to prevent a third straight year
In January it sold its Tigerair Philippines business to Cebu
Pacific, the archipelago's biggest airline, cutting its losses
in a market where a sharp increase in available seats pushed
down ticket prices.
"We have re-calibrated our strategy and taken the necessary
steps to re-position Tigerair," Tigerair chief executive Koay
Peng Yen said in the company's statement. "This deal effectively
dissipates some concerns over a potential capacity overhang in
the next couple of years."
Tigerair said the negotiated price for the new order was
"significantly lower" than the list price. The jets will be
powered by engines from Pratt & Whitney.
(Reporting by Anshuman Daga; Additional reporting by Natalie
Huet in Paris; Editing by Kenneth Maxwell)