top of page

The content on Breitflyte Airline News Network will always be free and won’t require a subscription. is a participant in several affiliate advertising programs designed to provide a means for us to earn fees by linking to affiliated sites.  We may earn a commission if you click on or make a purchase through one of our links.  Thank you for supporting our affiliate advertisers. 



Singapore Airlines Raises S$10 Billion in Fresh Liquidity Through Rights Issue, Other Measures

Singapore Airlines announced on Monday that they have secured S$10 billion in fresh liquidity through a recent Rights issue as well as secured and unsecured credit facilities. The new capital will put the carrier on a firm footing as they navigate the COVID-19 crisis.

Singapore Airlines Boeing 777-300 - Courtesy Singapore Airlines

Today, Singapore Airlines (SIA) announced that they have raised S$10 billion (US$ 7.2 billion) through their recent Rights issue as well as secured and unsecured credit facilities. SIA’s rights issue was successfully completed on Friday, June 5, 2020, raising S$8.8 billion (US$6.33 billion). The carrier raised an additional S$900 million (US$647.7 million) through long-term loans secured on some of their Airbus A350-900 and Boeing 787-10 aircraft. Singapore Airlines has also raised an additional S$500 million (US$359.8 million) through new lines of credit and an unsecured loan with several banks. The company believes that the increased liquidity will put them on a firm footing as they navigate the global COVID-19 pandemic. In Monday’s announcement, Singapore Airlines’ Chief Executive, Goh Choon Phong said,

“We are grateful for the strong support of our shareholders for our successful rights issue, which has secured the company’s future amid an unprecedented global health and economic crisis. We are also grateful to our relationship banks for their support in extending additional secured and unsecured loans, as well as committed lines of credit. SIA will remain steadfast and agile during this period of great uncertainty and continue to act nimbly in responding to the evolving market conditions.”

Singapore Airlines has also renewed all existing credit lines that were due to mature in 2020 until 2021 or later, thereby ensuring access to over $1.7 billion (US$1.22 billion). If necessary, for the period up to July 2021, SIA retains the option to raise additional liquidity up to S$6.2 billion (US$4.5 billion) through mandatory convertible bonds.

Source: Singapore Airlines


bottom of page