8 May 2024
AMEDEO
AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)
Factsheet
The Company announces that its factsheet for the period to 31 March 2024
is now available on its website at http://www.aa4plus.gg. An
extract from the Chairman's statement within the factsheet is
reproduced below.
At an operational level, Amedeo's
report tells us that demand for travel remains strong and that
constraining factors are related to capacity. Manufacturers cannot
make up the shortfall in supply of aircraft, engines and parts
which occurred between 2019 and 2022 which means lease rates and
values for in demand aircraft are rising, especially if they are
off lease and immediately available.
Political factors such as upcoming
elections, wars, inflation and Covid-related debt levels are
matters which can affect travel demand, but over which we have no
control.
While our share price remains
subdued, we maintain a strong dividend, Emirates is performing
robustly, and Thai should emerge from rehabilitation within the
next 12 months.
The Board continues to look at the
options available to the company going forward and at the same time
we have taken the opportunity to more closely align the board
composition with those options.
As of May 1, Mary Gavigan will step
down and we welcome Eithne Manning as an independent director. Her
depth of experience at one of the world's leading aircraft leasing
companies and knowledge of capital markets will be of great
assistance in setting the strategy to maximise shareholder
returns.
For further information, please
contact:
JTC Fund Solutions (Guernsey)
Limited
+44 (0) 1481 702 400
Liberum Capital
Limited
Chris Clarke / Darren Vickers / Owen
Matthews
+44 (0) 20 3100 2000
About the Company
The Company is a Guernsey-domiciled
company, with shares admitted to trading on the Specialist Fund
Segment of the London Stock Exchange's Main Market (LSE:
AA4).
The Company's investment objective
is to obtain income returns and a capital return for its
Shareholders by acquiring, leasing and then selling
aircraft.