Singapore Airlines (SIA) has announced that it has successfully raised an additional $750 million through long term loans secured on some of its Airbus A350-900 and Boeing 787-10 aircraft.

With the completion of these transactions, SIA has now raised a total of $1.65 billion from secured financing since the start of the financial year 2020/2021, according to an SGX filing dated July 23, 2020.

The total liquidity raised during the same period now stands at approximately $11 billion, including the $8.8 billion from its rights issue, and more than $500 million from new committed lines of credit and a short-term unsecured loan from financial institutions.

All existing committed lines of credit that were due to mature in 2020 have been renewed until 2021 or later.

This, along with the new committed lines of credit, ensures continued access to more than $2.1 billion in committed liquidity.

For the period up to July 2021, SIA also retains the option to raise up to $6.2 billion in additional mandatory convertible bonds that would provide further liquidity if necessary.

The company assured that during this period of high uncertainty, SIA will continue to explore additional means to shore up liquidity as necessary.

Shares in SIA closed at $3.69, up 4 cents or 1.1% higher on Thursday.