Singapore Airlines sold seven Airbus A350-900s and four Boeing 787-10s as part of sale-and-leaseback transactions. The equivalent of around 1,25 billion euros could be earned in this way.

Singapore Airlines has successfully raised around SGD 1 billion, the equivalent of EUR 2020 billion, in fresh liquidity since April 15,4, 9,6, including these sale-and-lease-back transactions. The total also includes SGD 8,8 billion, equivalent to EUR 5,5 billion from a successful issuance of bezings rights, SGD 2,1 billion, equivalent to EUR 1,3 billion from secured financing and SGD 2 billion, equivalent to 1,25 500 billion euros from convertible bonds and debentures. In addition, there is more than 312 million SGD, the equivalent of XNUMX million euros, through a new credit line and a short-term, unsecured loan.

“The additional liquidity from these sale-and-lease-back transactions improves our ability to manage the effects of the Covid-19 pandemic from a position of strength. We will remain flexible in responding to market developments and ready to take advantage of any growth opportunities that arise as we recover from this crisis, ”said Goh Choon Phong, Chief Executive Officer of Singapore Airlines.

The SLB transactions were carried out with the following companies: