DP Aircraft I Limited Modification of two B787s operated by Thai Airways (3707C)
13 April 2017 - 1:12AM
UK Regulatory
TIDMDPA
RNS Number : 3707C
DP Aircraft I Limited
12 April 2017
12 April 2017
DP AIRCRAFT I LIMITED
Modification of two B787s operated by Thai Airways
The Board of Directors of DP Aircraft I Limited (the "Company")
announces that Thai Airways, lessee of two of the Company's B787s
(serial numbers MSN 36110 and MSN 35320), has requested permission
to modify the aircraft through the installation of a crew rest
compartment and the introduction of in-flight connectivity
equipment (including a Wi-Fi antenna). The Company's asset manager,
DS Aviation, has advised the Board that it considers that these
modifications will improve both the marketability and the value of
the assets, and as a result will benefit the Company's
shareholders. The request by Thai Airways has therefore been
approved by the Board.
The flight crew and flight attendant rests will be fitted
overhead in order to minimise the loss of cargo and cabin holds;
and although passenger capacity will be reduced by two Business and
six Economy class seats, it will allow the airline to operate the
B787s more efficiently within the network, and to deploy them on
longer routes. As on-board Wi-Fi connectivity becomes more common,
the installation of a Wi-Fi antenna for a network carrier
represents a logical proposal from a commercial perspective.
Initial designs, plans and engineering will be performed by the
Boeing Company. Physical installation is scheduled to take place in
December 2017 and January 2018, over the course of approximately
three weeks in each instance, and will be conducted by Boeing
Shanghai. All costs of the process will be borne by Thai Airways,
and the modifications made will remain part of the aircraft upon
expiry of the lease agreements with Thai Airways and the return of
the assets to the Company. Thai Airways will be obliged to continue
lease payments to the Company during downtime, and any
modifications to the aircraft will be made in accordance with the
relevant OEM manuals and will be approved by the Federal Aviation
Administration and the Civil Aviation Authority of Thailand.
For further information please contact:
Aztec Financial Services (Guernsey) Limited, Company
Secretary
+44 1481 748833
Kellie Blondel / Chris Copperwaite
This announcement contains inside information as defined under
the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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