25th Feb 2020 16:26
(Alliance News) - Amedeo Air Four Plus Ltd has sold two A380-800 aircraft to Etihad Airways, the aircraft leasing firm said Tuesday.
Amedeo expects to net GBP130.9 million from the sale, after transaction fees and expenses.
"The board of directors, having due regard to prevailing market conditions and to existing and anticipated secondary market activity regarding A380 aircraft, consider this to be a favourable financial result achieved for and on behalf of shareholders," said Amedeo.
The Guernsey-based company is looking into how best to use the proceeds of the sale, it said. It may also sell other aircraft.
Amedeo now has six A380-800s and two B777-300ERs, all of which are leased to Emirates Airline. It also has four A350-900 aircraft leased to Thai Airways.
Amedeo shares were 0.7% higher on Tuesday afternoon in London shortly before the market close, at 77.50 pence each.
By George Collard; [email protected]
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