REG - Avation PLC - REFINANCING OF AIRCRAFT

AvationAnnouncement

15/12/2023 07:00

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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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