Amedeo Air Four Plus Limited Statement re AIRBUS A380 UPDATE (0700Q)
15 February 2019 - 3:40AM
UK Regulatory
TIDMAA4
RNS Number : 0700Q
Amedeo Air Four Plus Limited
14 February 2019
14 February 2019
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
AIRBUS A380 UPDATE
The Company notes the statements this morning from Emirates
Airlines and Airbus regarding the decision to close production of
the A380 in 2021, delivering another 17 aircraft in total to
Emirates (14) and All Nippon Airways (3).
It is noteworthy that His Highness Sheikh Ahmed bin Saeed Al
Maktoum, Chairman and Chief Executive, Emirates Airline and Group
remarked: "the A380 is a wonderful aircraft loved by our customers
and our crew. It is a differentiator for Emirates." Further,
Emirates highlight "the A380 will remain a pillar of our fleet well
into the 2030s, and as we have always done, Emirates will continue
to invest in our onboard product and services...[for the
A380]".
Emirates currently operate 109 A380 aircraft and will have
received 123 deliveries when production ceases, compared to their
original orders totalling 178 aircraft (162 firm and 16
options).
The full Emirates Press Release is available HERE
Amedeo, the Company's Asset Manager comments:
"Amedeo considers today's Airbus announcement to have positive
implications for the future values of the installed A380 fleet,
particularly those aircraft operated by Emirates.
We estimate that the long-term core Emirates A380 fleet will
comprise in excess of 100 A380 units, which we expect will continue
to be operated by Emirates for the entirety of their useful
economic lives.
We expect the A380 to remain a core aircraft type for Emirates,
with higher financial profitability deriving from the longer term
use of its A380 fleet. This will act to reduce future capital
expenditure, depreciation and rental expenses significantly, whilst
retaining the A380's unit cost advantage of scale and unrivalled
customer experience."
The full Airbus Press Release is available HERE
Shareholders are encouraged to contact Nimrod Capital LLP, the
Company's Corporate and Shareholder Adviser, with any questions or
to arrange an update meeting on the details below.
For further information, please contact:
Shareholder Enquiries:
Nimrod Capital LLP
Richard Bolchover
Marc Gordon
+44 (0) 207 382 4565
info@nimrodcapital.com
Administrative Enquiries:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702 400
END OF ANNOUNCEMENT
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