Amedeo Air Four Plus Limited Factsheet

RNS Number : 4736N

Amedeo Air Four Plus Limited

08 May 2024

 

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

 

[phone]

Liberum Capital Limited

 

Chris Clarke / Darren Vickers / Owen Matthews

[phone]

 

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.

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