Amedeo Air Four Plus Limited Factsheet (3672K)
May 04 2022 - 12:25PM
UK Regulatory
TIDMAA4
RNS Number : 3672K
Amedeo Air Four Plus Limited
04 May 2022
4 May 2022
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)
Factsheet
The Company announces that its quarterly factsheet for the
period to 31 March 2022 is now available on its website at
http://www.aa4plus.com . An extract from the Chairman's statement
within the factsheet is reproduced below.
This is our first Factsheet for a while. We intend in future
that we will mix webinars and Factsheets so that there is
information provided on a quarterly basis.
Thai Airways is using our A350s increasingly, March hours flown
are shown below. The PBH (power by the hour) rent is now covering
all costs and loan interest and the Company's subsidiaries are once
again profitable. Similar utilization levels could imply subsidiary
profitability for the remainder of 2022, and thereafter new agreed
rent will commence from January 2023. The airline is slowly
bringing back more long-haul destinations, at about the same speed
as Thailand itself is emerging from Covid hibernation. Chinese
tourism will remain subdued, until China alters its vaccination and
zero Covid policies. The invasion of Ukraine and its consequences,
sanctions against Russia and high fuel prices are unwelcome
developments for airlines, although the brave citizens of Ukraine
would use different language, no doubt. Still, Thailand is an
attractive, sought after and "bucket list" destination and we
expect the airline to slowly return to strength and hopefully exit
the rehabilitation proceedings later this year.
Emirates is cementing its reputation as one of, if not the, best
long-haul airline. They continue to bring their A380s back into
service, with four out of six of the Company's A380s now busy
flying last month (as also set out below), and the two B777-300ERs
are fully occupied. Emirates are no doubt busy with their fleet
planning, with B777X EIS now expected to be pushed into 2025; and
we have seen some decisions made on A380 return condition selection
made in other public companies that lease A380s to Emirates.
Many shareholders have made it clear that they want to see
greater transparency and disclosure around the Company's affairs.
We have begun the process of preparing the annual results and will
add qualitative and informative details, which will only increase
once Thai rehabilitation process is completed. We will always seek
to provide as much information as is consistent with our commercial
interests and enhancing the Company's value in the interests of all
shareholders.
I intend to talk to all shareholders who wish to engage with me
and the other directors. It is clear that there are a number of
views and time horizons amongst our shareholders which we must
balance in deciding what is best for shareholders as a whole.
For further information, please contact:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702 400
Liberum Capital Limited
Chris Clarke / Darren Vickers / Owen Matthews
+44 (0) 20 3100 2000
About the Company
The Company is a Guernsey-domiciled company, with shares
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market (LSE: AA4).
The Company's investment objective is to obtain income returns
and a capital return for its Shareholders by acquiring, leasing and
then selling aircraft.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DOCAIMRTMTTMBJT
(END) Dow Jones Newswires
May 04, 2022 13:25 ET (17:25 GMT)
Amedeo Air Four Plus (LSE:AA4)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amedeo Air Four Plus (LSE:AA4)
Historical Stock Chart
From Apr 2023 to Apr 2024