Avation PLC RENEWAL OF SINGAPORE TAX INCENTIVE
28 Agosto 2024 - 1:00AM
RNS Regulatory News
RNS Number : 8637B
Avation PLC
28 August 2024
Via
RNS and SGXNET
AVATION PLC
("Avation" or "the
Company")
RENEWAL OF SINGAPORE TAX
INCENTIVE
Avation PLC (LSE: AVAP), the
commercial passenger aircraft leasing company, announces that its
main operating subsidiaries have been granted a further five year
tax incentive in Singapore under the Aircraft Leasing
Scheme.
Avation's headquarters are in
Singapore and the majority of the group's operations will benefit
from this tax incentive, subject to meeting applicable terms and
conditions. The Aircraft Leasing Scheme provides for a
concessionary 8.0% tax rate on income derived from aircraft and
aircraft engine leasing and exemption from withholding tax on
qualifying loans. The incentive covers the period from 17
April 2024 to 16 April 2029.
Avation's Executive Chairman, Jeff
Chatfield, said: "We are pleased to have successfully renewed our
membership of Singapore's Aircraft Leasing Scheme which provides
substantial benefits to the group."
-ENDS-
Enquiries:
Avation PLC - Jeff Chatfield,
Executive
Chairman
+65 6252 2077
Avation welcomes shareholder questions
and comments and advises the email address for questions is:
investor@avation.net
and the Company provides an investor Q & A
during the conference call associated with release of results. The
head office telephone number is +65 6252 2077.
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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END
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