, Singapore

SIA secures $750m in loans on aircrafts

It now secures $1.65b from its secured financing since the start of FY2020.

Singapore Airlines (SIA) has raised $750m in long-term loans on some of its Airbus A350-900 and Boeing 787-10 aircraft, an announcement revealed.

Upon completion of these deals, SIA now secures $1.65b from its secured financing since the start of FY2020, with the total liquidity raised over the same period amounting to $11b. It also includes the $8.8b from rights issue and $500m from the new committed lines of credit and a short-term unsecured loan from financial institutions.

Further, all existing committed lines of credit that were due to mature in 2020 have been moved to 2021 or later. SIA said that this ensures that they have access to over $2.1b in committed liquidity.

SIA also retains the option to raise up to $6.2b in additional mandatory convertible bonds until July 2021 that would provide further liquidity if deemed necessary.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.