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\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":[10172,4510,10174,797,4813,89,5637,13618,8222,10701,10700,5992,5670,2203,5500,5676,8651,8004,10169,10617,8946,10176,1397,10173,10195,10171,868,10182,1103],"tags":[1649,42,415,49,50,14347,47,464,420,118,14348,3663,14353,160,3944,4606,41,4075,2390,1024,7495,1216,14356,10822,4512,8095,4854,10634,3417,14351,7940,3068,14349,1907,2514,3030,4721,2030,14355,745,1681,12451,2462,1493,540,5961,3615,1067,2548,14350,14352,11059,412,5962,2898,10938,9710,14357,4305,1934,9877,3743,14346,413,101,4058,8172,1691,1658,9458,14354],"class_list":["post-10516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","category-aerospace-news","category-airline","category-airline-news","category-airplane-news","category-aviation-news","category-business-news","category-communications-news","category-consumer-news","category-coronavirus","category-covid-19","category-economic-news","category-economy-news","category-finance-news","category-frequent-flyer-news","category-international-news","category-joint-venture-news","category-leasing-news","category-news","category-pacifica","category-private-aircraft-news","category-stock-news-2","category-stock-news","category-stockairline","category-transport","category-transportation","category-transportation-news","category-travel","category-travel-news","tag-1649","tag-42","tag-787-10","tag-a350","tag-a350-900","tag-aergo","tag-airbus","tag-aircraft","tag-airline","tag-airlines","tag-altavair","tag-april","tag-arranged","tag-aviation","tag-back","tag-billion","tag-boeing","tag-bonds","tag-capital","tag-ceo","tag-challenges","tag-chief","tag-choon","tag-committed","tag-communications","tag-completed","tag-convertible","tag-covid-19","tag-credit","tag-crianza","tag-different","tag-east","tag-eastmerchant","tag-executive","tag-financial","tag-financing","tag-fresh","tag-general","tag-goh","tag-group","tag-industry","tag-issuance","tag-lease","tag-limited","tag-lines","tag-liquidity","tag-loan","tag-media","tag-meeting","tag-merchant","tag-muzinich","tag-navigate","tag-news","tag-notes","tag-officer","tag-pandemic","tag-parties","tag-phong","tag-raises","tag-sale","tag-secured","tag-short","tag-sia","tag-singapore","tag-stock","tag-term","tag-transactions","tag-transport","tag-transportation","tag-uncertainty","tag-unsecured"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/10516","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=10516"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/10516\/revisions"}],"predecessor-version":[{"id":10517,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/10516\/revisions\/10517"}],"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=10516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10516"}],"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 A350-900s<\/td><\/tr> EastMerchant \/ Crianza Aviation<\/td> 1 Airbus A350-900
2 Boeing 787-10s<\/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