4th May 2022 16:07
Avation PLC - Singapore-based passenger aircraft leasing company - Enters into formal payment plan agreement with unnamed airline client for the client to repay sums advanced to it during the pandemic. Agreement replaces ad hoc arrangements with the client during the pandemic, and the client will return to full contracted rental amounts from July. Recovers arrears as amortising loan of USD25.9 million, repayable from January of next year, with an interest rate of 5.5% a year for a period of 24 months. Read More
