SIA raises $2b from sales-leaseback transactions
The airline has raised a total of $15.4b in fresh liquidity since 1 April 2020.
Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft on recent weeks, for approximately $2b.
The transaction consisted of seven Airbus A350-900s and four Boeing 787-10s.
“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,” SIA said.
The airline said that it continues to have access to more than $2.1b in committed credit lines, along with the option to raise $6.2b in additional mandatory convertible bonds before the Annual General Meeting in July 2021.