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Singapore Airlines Generates $1.5 Billion From Aircraft Leaseback Sales
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Singapore Airlines has raised approximately US$1.5 billion for the sale and leaseback of 11 of its widebody aircraft. The airline has been struggling with liquidity during the pandemic and will use the money to help it navigate the ongoing low demand.
Singapore Airlines has raised liquidity by the sale and leaseback of 11 aircraft. Photo: Singapore Airlines
The airline confirmed in a statement today that it had completed the sale and leaseback of seven Airbus A350-900s and four Boeing 787-10s. Reportedly four parties were involved in the process, and the airline raised S$2 billion (US$1.5 billion).