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IN BRIEF: DP Aircraft I corrects Tranche 1 and 2 loan interest rates

10th Mar 2023 14:20

DP Aircraft I Ltd - Guernsey-based aircraft leasing company - Corrects the interest rates for Tranche 1 and Tranche 2 aircraft loans released on February 28. Says Tranche 1 amortising loan interest rate for DP Aircraft III is 6.61% and the Tranche 2 fixed balloon interest rate is 5.26%. Adds that Tranche 1 amortising loan interest rate for DP Aircraft IV is 6.89% and Tranche 2 fixed ballon interest rate is 5.42%. Says aggregate final balloon payment in 2026 will be USD69.5 million, if Thai Airways International continues to make rental payments on time for the whole period.

Current stock price: USD0.060, up 9.1% on Wednesday

12-month change: tripled from USD0.020

By Harvey Dorset, Alliance News reporter

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