Singapore Airlines Group has raised an additional S$750 million ($540 million) from long-term loans secured by an unspecified number of Airbus A350-900 and Boeing 787-10 aircraft.

Cirium fleets data show that within SIA Group’s in-service and stored fleet, mainline carrier SIA owns and operates 48 A350-900s and 15 787-10s.

Including the latest transactions, the group has raised a total of S$1.65 billion from secured financing since the start of the financial year ending 31 March 2021, it says.

Within this period, SIA Group raised S$8.8 billion from a rights issue completed on 5 June, and more than S$500 million from new committed lines of credit arranged and a short-term unsecured loan from financial institutions.

The total liquidity adds up to about S$11 billion.

Separately, SIA Group has renewed existing committed lines of credit that were due to mature in 2020, to 2021 or later. Including the new credit lines, it has continued access to more than S$2.1 billion in committed liquidity.

At a previous update on 8 June, SIA Group said it had raised S$900 million through long-term loans, also secured against an unspecified number of A350-900 and 787-10 aircraft. It disclosed access to S$1.7 billion liquidity via committed lines of credit.

The company reiterates that it has the option of raising another S$6.2 billion in additional mandatory convertible bonds, as part of the same fundraising plan under which the rights issue was completed in June.

It adds: “During this period of high uncertainty, SIA will continue to explore additional means to shore up liquidity as necessary.”