Avation PLC WAREHOUSE FACILITY EXTENSION (8123Q)
June 30 2022 - 4:05AM
UK Regulatory
TIDMAVAP
RNS Number : 8123Q
Avation PLC
30 June 2022
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
WAREHOUSE FACILITY EXTENSION
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company has successfully extended the maturity date of its
aircraft warehouse loan facility by four years to 30 September
2026. Aircraft finance loans outstanding under the facility, which
currently comprises nine aircraft, include US Dollar and Euro
advances with a total value of US$128.7 million. Other than the
maturity date, there are no substantive changes to the
facility.
Avation's Executive Chairman, Jeff Chatfield said: "We are
pleased to have completed the restructuring and extension of this
loan provided by one of our key lending banks. Following this
extension the Company has no significant debt maturities, other
than regular amortisation payments, before 2025."
-ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
Notes to Editors: Avation PLC is an aircraft leasing company,
headquartered in Singapore, owning and managing a fleet of
commercial passenger aircraft which it leases to airlines around
the world. More information on Avation is available at
www.avation.net.
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END
AGREANKEDEDAEEA
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June 30, 2022 05:05 ET (09:05 GMT)
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