Singapore Airlines (SIA) has raised an additional S$750 million (US$541 million) through long term loans secured on some of its Airbus A350-900 and Boeing 787-10 aircraft, the carrier said in a statement posted on its website.

The carrier has raised approximately S$11 billion (US$7.9 billion) in total liquidity since the start of  financial year 2020/2021. This includes S$8.8 billion (US$6.4 billion) from SIA’s “successful rights issue”, S$1.65 billion (US$1.19 billion) from secured financing, and more than S$500 million (US$361 million) from new committed lines of credit and a short-term unsecured loan from financial institutions, the carrier says.

SIA also says all existing committed lines of credit that were due to mature during the course of 2020 have been renewed until 2021 or later. Together with the new committed lines of credit, this ensures continued access to more than S$2.1 billion (US$1.5 billion) in committed liquidity.

The airline says it also has the option to raise up to S$6.2 billion (USD$4.5 billion) in additional mandatory convertible bonds that would provide further liquidity if necessary for up to July 2021.

“During this period of high uncertainty, SIA will continue to explore additional means to shore up liquidity as necessary,” reads a statement from the carrier.