Avation PLC RESPONSE TO QUESTION & REPURCHASE OF SENIOR NOTES (2286V)
05 Agosto 2020 - 04:41AM
UK Regulatory
TIDMAVAP
RNS Number : 2286V
Avation PLC
05 August 2020
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
RESPONSE TO BONDHOLDER QUESTION AND REPURCHASE OF SENIOR
NOTES
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company, announces that on 5 August 2020 the Company
repurchased US$2,434,000 of Avation Capital S.A. 6.5% senior notes
due 2021 issued under Avation's global medium term note programme.
The notes were acquired through the market at a price equal to 71
per cent of face value and will be cancelled.
Avation has received a question from a bondholder on media
concerning Virgin Australia Holdings Ltd (in Administration)
planned future operations. As previously advised, the Company
expects that its four remaining ATR72-500 aircraft leased to Virgin
will be returned and the company is remarketing these aircraft to
airlines for lease or sale. The Company advises that it is not
aware of any decision to return its remaining five ATR72-600
aircraft that are leased to Virgin. The Company has an agreement
with the Administrator so as to ensure that these aircraft are
being properly maintained and stored. The Company will liaise with
Virgin regarding the continued use of the five ATR72-600 aircraft
and will provide further updates when appropriate.
ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments which may be
sent to the email address: investor@avation.net
Notes to Editors:
Avation PLC is an aircraft leasing company headquartered in
Singapore which owns and manages a fleet of commercial passenger
aircraft leased to airlines around the world.
More information on Avation is available at www.avation.net
.
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contact rns@lseg.com or visit www.rns.com.
END
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