Bigbird Posted May 4, 2021 Share Posted May 4, 2021 SIA raises S$2b from sale-and-leaseback transactions for 11 aircraft Mon, May 03, 2021 - 9:58 AM NATIONAL carrier SIA: C6L +0.4% has raised S$2 billion from sale-and-leaseback transactions for 11 aircraft comprising seven Airbus A350-900s and four Boeing 787-10s. Four different parties arranged the transactions, SIA said in a bourse filing on Monday. They are Aergo Capital, Altavair, EastMerchant/Crianza Aviation and Muzinich and Co. The deal with aircraft leasing company Aergo Capital involves one Airbus A350-900 and one Boeing 787-10 aircraft. Meanwhile, the transaction with aviation finance company Altavair involves four Airbus A350-900s. The EastMerchant/Crianza Aviation deal includes one Airbus A350-900 and two Boeing 787-10s. EastMerchant is a provider of asset-based finance and management solutions for the airline industry, while Crianza Aviation is a high-value aircraft lessor and asset manager. The deal with Muzinich and Co, a privately-owned, institutionally-focused investment firm, involves one Airbus A350-900 and one Boeing 787-10 aircraft. Including these sale-and-leaseback transactions, SIA has raised about S$15.4 billion in fresh liquidity since April 1, 2020. This amount includes the S$8.8 billion from its rights issue, S$2.1 billion from secured financing, S$2 billion via its convertible bonds and notes issuance, and more than S$500 million through new committed lines of credit and a short-term unsecured loan. SIA chief executive Goh Choon Phong said the additional liquidity from the sale-and-leaseback transactions reinforces the group's ability to navigate the impact of the Covid-19 pandemic from "a position of strength". Shares of SIA closed at S$4.95 on Monday, down by S$0.11 or 2.17 per cent. https://www.businesstimes.com.sg/companies-markets/sia-raises-s2b-from-sale-and-leaseback-transactions-for-11-aircraft 1 Link to comment Share on other sites More sharing options...
Huat Zai Posted May 4, 2021 Share Posted May 4, 2021 (edited) I.e. they are putting themselves deeper in debt by putting their planes up for collateral with legal loan sharks. The risk must be so big even our local banks won't take them. Edited May 4, 2021 by Huat Zai 1 Official Mugentech Minecraft server: Please see thread in Gamers Link to comment Share on other sites More sharing options...
The_King Posted May 4, 2021 Share Posted May 4, 2021 heng there more one 1 airline in SG. if one gone there still other airline to take no need to worry 1 Link to comment Share on other sites More sharing options...
Bigbird Posted May 4, 2021 Author Share Posted May 4, 2021 (edited) After raising $2B, SIA shares still falls! @socrates469bc Is it too soon to pick up some SIA shares? Edited May 4, 2021 by Bigbird 1 Link to comment Share on other sites More sharing options...
unclefcuker Posted May 4, 2021 Share Posted May 4, 2021 Raise $2B from selling planes and then leasing them back is like you sell your house and pay rent to continue staying in it. This will be seen as weakness unless they sold their planes at much higher price which i doubt so. 1 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 5, 2021 Share Posted May 5, 2021 19 hours ago, Huat Zai said: I.e. they are putting themselves deeper in debt by putting their planes up for collateral with legal loan sharks. The risk must be so big even our local banks won't take them. if u r aircraft leaser, would u want to support bolehsian air group instead??? https://www.theedgemarkets.com/article/malaysia-airlines-parent-malaysia-aviation-group-denies-mandating-goldman-sachs-guide Link to comment Share on other sites More sharing options...
socrates469bc Posted May 5, 2021 Share Posted May 5, 2021 19 hours ago, Bigbird said: After raising $2B, SIA shares still falls! @socrates469bc Is it too soon to pick up some SIA shares? if u got read iata or icao report like me, u wouldnt even touch sia or cathay. Link to comment Share on other sites More sharing options...
The_King Posted May 5, 2021 Share Posted May 5, 2021 1 minute ago, socrates469bc said: if u got read iata or icao report like me, u wouldnt even touch sia or cathay. You don't touch but many keep touching 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 5, 2021 Share Posted May 5, 2021 Just now, The_King said: You don't touch but many keep touching always got many many kgks who think they r smarter than the market and best part is never think logic. so i just laugh at them. wahahahahhaha 2 Link to comment Share on other sites More sharing options...
The_King Posted May 5, 2021 Share Posted May 5, 2021 5 minutes ago, socrates469bc said: always got many many kgks who think they r smarter than the market and best part is never think logic. so i just laugh at them. wahahahahhaha Me laugh Also Ahhahahahahahha 1 Link to comment Share on other sites More sharing options...
Huat Zai Posted May 5, 2021 Share Posted May 5, 2021 56 minutes ago, socrates469bc said: if u r aircraft leaser, would u want to support bolehsian air group instead??? https://www.theedgemarkets.com/article/malaysia-airlines-parent-malaysia-aviation-group-denies-mandating-goldman-sachs-guide Doesn't look like GS has a choice in the matter, minimum losses and make up for it in other businesses that GS will force boleh gov to give them lor 2 Official Mugentech Minecraft server: Please see thread in Gamers Link to comment Share on other sites More sharing options...
Bigbird Posted May 5, 2021 Author Share Posted May 5, 2021 14 hours ago, unclefcuker said: Raise $2B from selling planes and then leasing them back is like you sell your house and pay rent to continue staying in it. This will be seen as weakness unless they sold their planes at much higher price which i doubt so. SIA got no choice leh! Already took SG money & spend 80% liao! They need to pay high class salaries! 1 Link to comment Share on other sites More sharing options...
Bigbird Posted May 5, 2021 Author Share Posted May 5, 2021 Banking stock upside not much liao! Pharma too ex liao! 1 Link to comment Share on other sites More sharing options...
The_King Posted May 5, 2021 Share Posted May 5, 2021 8 hours ago, Bigbird said: SIA got no choice leh! Already took SG money & spend 80% liao! They need to pay high class salaries! The way they burn money, it scary Just like me, if I spend too much per month, I should review everything how to optimise as much as I can to control my spending Like I don't need the rainfall and shopping mall, or features wall it a waste of money 1 Link to comment Share on other sites More sharing options...
Bigbird Posted May 6, 2021 Author Share Posted May 6, 2021 5 hours ago, The_King said: The way they burn money, it scary Just like me, if I spend too much per month, I should review everything how to optimise as much as I can to control my spending Like I don't need the rainfall and shopping mall, or features wall it a waste of money Its not their money that they are burning! So they dont need to think! When it comes to spending your own money......! its a different story! You can see how ugly they become! Remember this guy Please sign in or sign up for an account to view this content. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now