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Singapore Airlines raises S$2.1 billion through aircraft sales

Singapore Airlines has raised S$2.1 billion(US$1.57b) through aircraft sales and leaseback of 11 planes through four finance houses.

The aircraft comprise seven Airbus A350-900s and four Boeing 787-10s.

Singapore Airlines has successfully raised approximately S$15.4 billion in fresh liquidity since 1 April 2020, including these sale-and-leaseback transactions. The amount also includes S$8.8 billion from SIA’s successful rights issue, S$2.1 billion from secured financing, S$2.0 billion via the issuance of convertible bonds and notes, as well as more than S$500 million through new committed lines of credit and a short-term unsecured loan.

The airline continues to have access to more than S$2.1 billion in read more ⇒

Source:: AirlineRatings.Com

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