Company Update

RNS Number : 2855J

DP Aircraft I Limited

09 April 2020

 

9 April 2020

DP Aircraft I Limited

Company Update

The Board of DP Aircraft I Limited (the "Company") announces that, in response to a written request from Thai Airways ("Thai") that the Company consider affording Thai a temporary relaxation of its lease payment obligations to the Company in light of the ongoing Covid-19 crisis, discussions will begin today with Thai to ascertain whether and on what basis the existing lease arrangements might be reviewed. Thai has emphasised that it remains fully committed to its obligations, and to date it has made all payments due to the Company in full and in a timely fashion.

In considering the most appropriate course of action, the Board will also liaise with the Company's lending banks and, as previously noted, will prioritise the preservation of the Company's long-term financial stability. The Board will make a further announcement as and when there are any new material developments.

For further information please contact: 

Aztec Financial Services (Guernsey) Limited, Company Secretary

[phone]

Kellie Blondel / Laura Dunning

 

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