Avation PLC REFINANCING OF AIRCRAFT (9656W)
December 15 2023 - 1:00AM
UK Regulatory
TIDMAVAP
RNS Number : 9656W
Avation PLC
15 December 2023
Via RNS Reach and SGXNET
AVATION PLC
("Avation" or "the Company")
REFINANCING OF AIRCRAFT
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company, has successfully refinanced four leased aircraft.
The four aircraft, a mixture of Airbus A320 and ATR turboprop
aircraft, have been refinanced under a loan facility for a
portfolio of aircraft provided by Investec Bank Plc. The interest
rate on the loans has been fixed at drawdown and the loans mature
between May 2026 and November 2027.
Executive Chairman, Jeff Chatfield, said:
"We are pleased to complete this refinancing in the ordinary
course of business with a leading bank. Our view is the bank market
remains constructive for routine aircraft finance
transactions."
-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
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