• by  • March 17, 2020 • Amedeo


    Company Update

    Further to the announcement on 12 March 2020, the Board of the Company notes the news that almost all airlines globally have been severely impacted by the reduction in passenger traffic as a result of Covid-19 and understands that many Governments, banks and lessors have received approaches from these airlines to discuss how they might support the industry.  Indeed, the Company has, in line with this news, received a written approach from Thai Airways, to whom the Company leases four A350s, to discuss how it might support them in this period. The Board, together with its Asset Manager and other advisors, are discussing how the Company might respond, and considering the terms of any such support.  Thai have assured the Company that, as the flag carrier of Thailand, it fully commits to its obligations, and they are fully up-to-date with their payments to the Company.  As and when these discussions reach any conclusions the Board will update shareholders accordingly.

    About the Company

    The Company is a Guernsey-domiciled company, with shares admitted to trading on the Specialist Fund Segment of the London Stock Exchange’s Main Market (LSE: AA4).

    The Company’s investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft.

    The latest available information on the Company can be accessed via the Company’s website www.aa4plus.com

    This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 on market abuse (MAR).

    For further information, please contact:

    Administrative Enquiries:
    JTC Fund Solutions (Guernsey) Limited
    Tel: +44 (0) 1481 702400

    Shareholder Enquiries:
    Nimrod Capital LLP
    Richard Bolchover, Marc Gordon
    Tel: +44 (0) 20 7382 4565

    The person arranging release of this announcement on behalf of the Company is Ashley Senner of JTC Fund Solutions (Guernsey) Limited.