Singapore Airlines $70 million A330 aircraft debt restructuring

Overview:

• A Singapore Airlines A330 aircraft has undergone $70 million in debt restructuring and equity financing alongside a subsequent lease remarketing to another international airliner.
• A South Korean financial institution acted as arranger for several Korean debt and equity financiers in this transaction.
• The deal required navigating unprecedented challenges in the aviation industry owing to the COVID-19 crisis and has become precedent setting for future remarketing and restructuring transactions in the South Korean and global aviation sector.