(Reuters) - Singapore Airlines Ltd said on Monday it had raised about S$2 billion ($1.50 billion) through sale-and-leaseback deals for 11 of its planes to help bolster liquidity as it grapples with the pandemic-related plunge in travel. The airline said it would continue to explore other ways to raise liquidity after reaching deals with four parties over seven Airbus SE A350-900s and four Boeing Co 787-10s. Rivals such as Cathay Pacific Airways Ltd and Qantas Airways Ltd have done similar deals during the pandemic. The additional liquidity from these sale-and-leaseback transactions reinforces our ability to navigate the impact of the COCVID-19 pandemic from a position of strength, Singapore Airlines Chief Executive Goh Choon Phong said in a statement.
Aviation sector to get 50% wage support for local employees to help retain workforce Toggle share menu
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Aviation sector to get 50% wage support for local employees to help retain workforce
With Singapore Airlines going through its worst crisis in its 48-year history, the Government has also repeatedly pledged to do all it can to help the national carrier, given the key role it has played in developing Changi Airport as an aviation hub. (Photo: Ili Nadhirah Mansor/TODAY)
17 Feb 2021 08:03PM (Updated:
17 Feb 2021 08:10PM) Share this content
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SINGAPORE: Companies in the aviation sector will receive 50 per cent support for wages paid to local employees from April to September, as part of the Government s support to help the sector tide through the COVID-19 pandemic, said the Ministry of Transport (MOT) on Wednesday (Feb 17).
SIA Revises Aircraft Delivery Agreements; Defers Over $4 Billion in Capital Expenditure
(11 Feb 2021) The Singapore Airlines Group has reached agreements with Airbus and Boeing to revise its aircraft delivery schedule.
As a result, some of the aircraft in the group’s order book will be delivered over a longer period than originally contracted, with the delivery stream spread out beyond the immediate five years.
The revised deals will enable SIA to defer more than $4 billion of capital expenditure between FY20/21 and FY22/23 to later years.
It will also recalibrate the rate of introduction of capacity, following the disruption to the demand for air travel as