Business
RESPONSE TO ANALYST QUESTION ON LEASES TO LOGANAIR
RESPONSE TO ANALYST QUESTION ON LEASES TO LOGANAIR.
About this update from Avation Plc
[{"type":"text","content":"\n \n \n RNS Number : 4707F\n Avation PLC\n 09 March 2020\n \n \n \n \n Via the RNS \n \n \n AVAP:LN\n \n \n \n \n \n AVATION PLC\n \n \n (\"Avation\" or \"the Company\")\n \n \n \n \n \n RESPONSE TO ANALYST QUESTION ON LEASES TO LOGANAIR\n \n \n \n SINGAPORE - 9 March 2020 - Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, provides the following clarification in response to a question from an analyst:\n \n \n \n \n \n The leases to Loganair for two ATR 72-600 aircraft previously leased to Flybe (as announced on 5 March 2020) commenced on 5 March 2020, following the issuance of step-in notices by the Company. The new leases provide the Company with continued rentals, lease security deposits and maintenance reserve payments through to the expiry of the lease terms in August 2021 and September 2021 respectively.\n \n \n \n \n \n -ENDS-\n \n \n Enquiries: \n \n \n \n \n \n Avation\n \n \n Jeff Chatfield, Executive Chairman\n \n \n \n \n \n \n \n \n \n \n \n T: +65 6252 2077\n \n \n \n \n \n Avation welcomes shareholder questions and comments and advises the email address is: \n \n [email protected]\n \n \n \n \n Notes to Editors: \n \n \n 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. \n \n \n More information on Avation is available at www.avation.net.\n \n \n \n \n \n \n \n \n \n \n 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 [email protected] or visit www.rns.com.\n END\n \n RSPUKUORRBUORAR\n ","length":4124,"tagName":"div"}]