General Announcement::RESPONSE TO ANALYST QUESTION ON LEASES TO LOGANAIR

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
AVATIONCAP US$50M6.5%210515RT - USL56473AB41 - PHMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-Mar-2020 10:35:44
Status
New
Announcement Sub Title
RESPONSE TO ANALYST QUESTION ON LEASES TO LOGANAIR
Announcement Reference
SG200310OTHR5KWS
Submitted By (Co./ Ind. Name)
Duncan Scott
Designation
Group General Counsel
Description (Please provide a detailed description of the event in the box below)
Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, provides the following clarification in response to a question from an analyst:

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.

-ENDS-

Enquiries:

Avation
Jeff Chatfield, Executive Chairman T: +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

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.