REG - Avation PLC - WAREHOUSE FACILITY EXTENSION

AvationAnnouncement

30/06/2022 11:15

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RNS Number : 8123Q  Avation PLC  30 June 2022

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

WAREHOUSE FACILITY EXTENSION

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company has
successfully extended the maturity date of its aircraft warehouse loan
facility by four years to 30 September 2026.  Aircraft finance loans
outstanding under the facility, which currently comprises nine aircraft,
include US Dollar and Euro advances with a total value of US$128.7 million.
Other than the maturity date, there are no substantive changes to the
facility.

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to have
completed the restructuring and extension of this loan provided by one of our
key lending banks.  Following this extension the Company has no significant
debt maturities, other than regular amortisation payments, before 2025."

 

-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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