REG - Avation PLC - VIRGIN AUSTRALIA CLAIMS UPDATE

AvationAnnouncement

19/08/2021 08:05

RNS Number : 1401J
  
Avation PLC
  
19 August 2021
  
 

Via RNS and SGXNET 
AVATION PLC
("Avation" or "the Company")
 
VIRGIN AUSTRALIA CLAIMS UPDATE
 
Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company announces that it has been advised by the Creditors Trust that its claims against Virgin Australia and associated entities have been adjudicated by the Trustee and admitted for the combined sum of AUD 101.4 million.  
 
The Company anticipates that it will receive a proportional distribution from the proceeds of the Creditors Trust in due course. However, no update has been given as to the timing of such distribution nor the relevant proportion of claims to be distributed to creditors.
 
 
 
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.
 
 

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 or visit 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.
 
  END
 
 
AGRUKVURARUWARR