SINGAPORE — Singapore Airlines prolonged its title sponsorship for the Formula One race within the Republic for three more years, ranging from the 2022 race that will likely be held in late September, the nationwide provider stated on Saturday (May 14).
Announcing the transfer in a media assertion, SIA government vp of business Lee Lik Hsin stated the extension “complements the expansion of (the airline’s) global network and will bolster Singapore’s recovery as a key international air hub”.
Said Mr Lee: “This 12 months’s extremely anticipated F1 Singapore Grand Prix will likely be an vital milestone for Singapore, marking the return of a significant worldwide sporting occasion to town after a two-year disruption as a result of pandemic.”
SIA didn’t disclose the sponsorship prices.
The race this 12 months will likely be held on Sept 30 to Oct 2.
SIA first signed because the title sponsor for the race 2014 for 4 years, after which prolonged its sponsorship twice, in 2018 and 2020, for two years in every occasion.
The newest transfer will imply that the F1 race held in Singapore may have SIA as its title sponsor till 2024.
In January, race organisers Singapore Grand Prix and the Singapore Tourism Board introduced that the Republic will proceed to host F1 for seven more years, till 2028, in its longest contract extension.
The choice follows a two-year hiatus for F1’s return to the Marina Bay Street Circuit as a result of Covid-19 pandemic, which additionally led to a number of race cancellations elsewhere world wide.
On Saturday, Mr Brandon Snow, F1’s managing director of business, stated the game is happy with SIA’s choice to increase its title sponsorship, including that the Singapore Grand Prix is the “original F1 night race” and an iconic Formula One occasion liked by followers and drivers.
“This year’s race will see further use of renewable energy and sustainable materials, and the commitments from Singapore Airlines towards sustainable aviation fuels reflect the continued alignment between all partners and Formula One in reducing environmental impact,” said Mr Snow.
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