Brief: Dynam Japan's Unit To Sell Aircraft To SAIL For US$65.2 Million
BRIEF-Dynam Japan's Unit To Sell Aircraft To SAIL For US$65.2 Million Sept 18 (Reuters) - Dynam Japan Holdings Co Ltd 6889.HK:
UNIT TO SELL AIRCRAFT TO SAIL FOR US$65.2 MILLION
DELIVERY EXPECTED ON OR BEFORE DEC 31, 2026
DISPOSED ASSET IS AIRBUS A321-271NX WITH NET CARRYING VALUE US$65.1 MILLION
GROUP EXPECTS OPERATING PROFIT OF US$1.5 MILLION FROM AIRCRAFT PRIOR TO DELIVERY
NO MATERIAL GAIN OR LOSS EXPECTED ON DISPOSAL
EXPECTED THAT 70% OF NET PROCEEDS BE UTILIZED TO REPAY BORROWINGS; BALANCE FOR AIRCRAFT BUSINESS
Further company coverage: 6889.HK
((Reuters.Briefs@thomsonreuters.com))
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