Avation PLC VIRGIN AUSTRALIA CLAIMS UPDATE (1401J)
19 August 2021 - 4:00PM
UK Regulatory
TIDMAVAP
RNS Number : 1401J
Avation PLC
19 August 2021
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
VIRGIN AUSTRALIA CLAIMS UPDATE
Avation PLC (LSE: AVAP) the commercial passenger aircraft
leasing company announces that it has been advised by the Creditors
Trust that its claims against Virgin Australia and associated
entities have been adjudicated by the Trustee and admitted for the
combined sum of AUD 101.4 million.
The Company anticipates that it will receive a proportional
distribution from the proceeds of the Creditors Trust in due
course. However, no update has been given as to the timing of such
distribution nor the relevant proportion of claims to be
distributed to creditors.
ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in
Singapore, owning and managing a fleet of commercial passenger
aircraft which it leases to airlines around the world. More
information on Avation is available at www.avation.net .
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END
AGRUKVURARUWARR
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