Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900’s and four Boeing 787-10’s, raising approximately S$2.0 billion in total.<\/p>\n\n\n\n
The transactions were arranged by four different parties, as follows: <\/p>\n\n\n\n SIA 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\u2019s 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.<\/p>\n\n\n\n SIA continues to have access to more than S$2.1 billion in committed credit lines, along with the option to raise up to S$6.2 billion in additional mandatory convertible bonds before the Annual General Meeting in July 2021.<\/p>\n\n\n\n During this period of high uncertainty, as the airline industry continues to navigate the unprecedented challenges caused by the Covid-19 pandemic, the SIA Group will continue to explore additional means to raise liquidity as necessary.<\/p>\n\n\n\n Mr. Goh Choon Phong, Singapore Airlines Chief Executive Officer, said: \u201cThe additional liquidity from these sale-and-leaseback transactions reinforces our ability to navigate the impact of the Covid-19 pandemic from a position of strength. We will continue to respond nimbly to the evolving marketing conditions, and be ready to capture all possible growth opportunities as we recover from this crisis.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900s and four Boeing 787-10s, raising approximately S$2.0 billion in total.<\/p>\n The transactions were arranged by four different parties, as follows:<\/p>\n","protected":false},"author":1,"featured_media":10511,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[3790,160,14332,14345,14337,7775,4512,4921,6716,4402,2689,14338,4414,2514,8345,396,14333,943,134,2264,7889,14341,14342,14331,7991,13944,8272,1067,843,3097,412,3172,7279,6606,14334,7714,9796,11732,639,9727,14336,14340,942,14335,755,14343,1892,101,1691,1658,3961,7691,14344,14339],"class_list":["post-10510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation-news","tag-announces","tag-aviation","tag-bathing","tag-baths","tag-bessastadir","tag-changing","tag-communications","tag-country","tag-coverage","tag-designer","tag-downtown","tag-erupting","tag-facilities","tag-financial","tag-geothermal","tag-harbor","tag-hotspot","tag-iceland","tag-icelandair","tag-icelandic","tag-instagram","tag-karsnes","tag-kopavogur","tag-lagoon","tag-landscapes","tag-lights","tag-locals","tag-media","tag-national","tag-newest","tag-news","tag-northern","tag-opening","tag-pass","tag-pastime","tag-peninsula","tag-photos","tag-pools","tag-president","tag-pure","tag-residence","tag-reykjanes","tag-reykjavik","tag-sauna","tag-sky","tag-snorralaug","tag-social","tag-stock","tag-transport","tag-transportation","tag-visit","tag-visitors","tag-vok","tag-volcano"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/10510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10510"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/10510\/revisions"}],"predecessor-version":[{"id":10514,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/10510\/revisions\/10514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/10511"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Lease Arranger<\/th> Aircraft<\/th><\/tr><\/thead> Aergo Capital Limited<\/td> 1 Airbus A350-900
1 Boeing 787-10<\/td><\/tr>Altavair<\/td> 4 Airbus A350-900’s<\/td><\/tr> EastMerchant \/ Crianza Aviation<\/td> 1 Airbus A350-900
2 Boeing 787-10’s<\/td><\/tr>Muzinich and Co. Limited<\/td> 1 Airbus A350-900
1 Boeing 787-10<\/td><\/tr>Total<\/td> 11 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n