Singapore Airlines has raised an additional S$750 million
(approximately US$541.6 million)
through long term loans secured on some of its Airbus A350-900 and
Boeing 787-10 aircraft.
With the completion of these transactions, SIA has
now raised a total of S$1.65 billion from secured financing since
the start of financial year 2020/2021.
The total liquidity raised during the same period
now stands at approximately S$11 billion. This comprises S$8.8
billion from SIA’s successful rights issue, S$1.65 billion from
secured financing, and more than S$500 million from new committed
lines of credit and a short-term unsecured loan from financial
Separately, all existing committed lines of credit
that were due to mature during the course of 2020 have been
renewed until 2021 or later. Together with the new committed lines
of credit, this ensures continued access to more than S$2.1
billion in committed liquidity.
For the period up to July 2021, SIA also
retains the option to raise up to S$6.2 billion in additional
mandatory convertible bonds that would provide further liquidity
During this period of high uncertainty, SIA has
said that it will
continue to explore additional means to shore up liquidity as