"Pilots take no special joy in walking. Pilots like flying." - Neil Armstrong
Singapore Airlines raises S$2 billion from sale-and-leaseback transactions
Written by Ivo Gračanin.
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.
The transactions were arranged by four different parties, as follows:
Aergo Capital Limited: 1x Airbus A350-900 and 1x Boeing 787-10
Altavair: 4x Airbus A350-900
EastMerchant / Crianza Aviation: 1x Airbus A350-900 and 2x Boeing 787-10s
Muzinich and Co. Limited: 1x Airbus A350-900 and 1x Boeing 787-10
SIA has successfully raised approximately S$15.4 billion in fresh liquidity since 1 April 2020, including these sale-and-leaseback transactions.
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.