17th Mar 2020 14:31
(Alliance News) - Amedeo Air Four Plus Ltd on Tuesday said it is looking into ways to support airline customers amid the Covid-19 pandemic.
The aircraft leasing firm said airlines have been approaching governments, banks, and lessors asking for support, with demand for travel severely curtailed by the outbreak.
"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," said Amedeo.
"Thai Airways 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."
Shares were 38% lower on Tuesday afternoon in London at a price of 35.30 pence each.
By George Collard; [email protected]
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