SINGAPORE - National carrier Singapore Airlines (SIA) announced on Thursday that it has extended its title sponsorship of the Formula One Singapore Grand Prix for another two years until 2017.
Last year, SIA took over as title sponsor from Singtel, which had lent its name to the world's only full night race since its inception in 2008. It is understood that the deal is worth just under $10 million per edition.
"As a strong supporter of both sports and tourism, we are excited to continue as Title Sponsor of one of the most exciting races in the F1 calendar. We look forward to further showcasing the race to the world, and helping to strengthen Singapore's image as a world-class tourism, cultural and sporting event city," said SIA chief executive Goh Choon Phong.
Singapore GP chairman Teo Hock Seng added: "It has been a great partnership with this iconic brand and we are delighted to have Singapore Airlines extend for another two years as Title Sponsor for the Formula One Singapore Grand Prix. We look forward to jointly promoting Singapore at its very best to a global audience."
This year's edition will flag off from Sept 18-20 at the Marina Bay Street Circuit, with fans set to be treated to another heated battle between Mercedes' title-chasing rivals Lewis Hamilton and Nico Rosberg.