WAREHOUSE FACILITY EXTENSION

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  [phone]

Avation welcomes shareholder questions and comments and advises the email address is: [e-mail]

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.

 

END

 

 

AGREANKEDEDAEEA