2nd Jul 2020 21:21
DP Aircraft I Ltd - Guernsey-based aircraft leasing company - To make interest only payments to lenders on borrowings relating to the assets leased to Thai Airways, which is undergoing debt rehabilitation. Will make no dividend payments while deferrals remain outstanding under borrowings relating to Thai Airways. Interest payments will be sourced from the security deposits received from Thai Airways in advance of the commencement of the relevant leases. To reassess the financing arrangements upon further clarity over rehabilitation process of Thai Airways.
Current stock price: USD0.13
Year-to-date change: down 83%
By Tapan Panchal; tapanpanchal@alliancenews.com
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