REG - Amedeo Air Four Plus - Factsheet

Amedeo Air Four PlusAnnouncement

06/11/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241106:nRSF0478La&default-theme=true

RNS Number : 0478L  Amedeo Air Four Plus Limited  06 November 2024

6 November 2024

 

AMEDEO AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)

Factsheet

 

The Company announces that its factsheet for the period to 30 September 2024
is now available on its website at http://www.aa4plus.gg
(http://www.aa4plus.gg) . An extract from the Chairman's statement within the
factsheet is reproduced below.

 

As we are now in the final quarter of the calendar year, we can reflect on a
positive 2024. Emirates continues to prosper and Thai is now profitable and
hoping to exit bankruptcy in 2025. The aviation and travel markets remain
robust and do not seem to have suffered from the outbreak of war in the Middle
East. Growth in global passenger traffic, measured in RPKs, continues to
outpace growth in capacity (ASKs) in most regions and average industry load
factors remain strong. We have seen continued strong growth in international
travel although the recovery of China outbound traffic has been slower than
expected.

 

The travails of Boeing and their customers' sufferings are well publicised.
They are merely the most public evidence of continuing supply chain and labour
difficulties which hamper the production and maintenance of aircraft. This
means that airlines need to extend the useful life of the aircraft that they
have. This includes spending large sums upgrading the interiors to the
standards that discerning "premium" passengers are used to and providing
upgraded economy class options to the public who are happy to pay a little
more to gain extra comfort. This should be positive for us. Eventually, supply
and demand will adjust. It is noticeable, particularly in the USA, that as
higher costs are imposed on airlines, they are becoming faster at cutting
surplus or unprofitable capacity.

 

We visited Emirates earlier this month. The flight out was full, the flight
back had a few empty seats and Dubai itself was crowded and busy. The airline
is indeed implementing an expensive upgrade programme, which is not unique to
them but they have requested permission to upgrade the interiors of all of our
8 aircraft.

 

Robin Hallam

 

For further information, please contact:

 

JTC Fund Solutions (Guernsey) Limited

+44 (0) 1481 702 400

 

Panmure Liberum Limited

 

Chris Clarke / Darren Vickers

+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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DOCBABATMTTMBLI