REG - Avation PLC - RESPONSE TO ANALYST QUESTION

AvationAnnouncement

20/01/2025 07:00

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RNS Number : 9279T  Avation PLC  20 January 2025

Via RNS and SGXNET

 

AVATION PLC

("Avation" or "the Company")

 

RESPONSE TO ANALYST QUESTION - PHILLIPINE AIRLINES

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company
advises in response to a question received from an analyst, that the early
termination option contained in the lease of one Boeing 777-300ER between the
Company and Philippine Airlines ("PAL") has not been exercised by the airline
and the right to exercise the early termination option has therefore expired.
Accordingly, the lease term will now continue on the same economics until its
scheduled termination date in December 2029.

 

Executive Chairman Jeff Chatfield said "The Company is pleased to have
certainty on the lease economics including rent for the PAL Boeing 777 until
the end of 2029.  Avation intends to grow its narrow body aircraft portfolio
in the near term.  Avation's fleet of aircraft is currently fully placed and
being utilized."

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

Avation welcomes shareholder questions and comments and advises the email
address for questions is: investor@avation.net (mailto:investor@avation.net)
and the Company provides an investor Q & A during the conference call
associated with release of results. The head office telephone number is +65
6252 2077.

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 (http://www.avation.net) .

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