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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avation Plc | LSE:AVAP | London | Ordinary Share | GB00B196F554 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 113.00 | 111.00 | 115.00 | 113.00 | 113.00 | 113.00 | 13,000 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Equip Rental & Leasing, Nec | 91.86M | 12.19M | 0.1720 | 6.57 | 80.08M |
TIDMAVAP
RNS Number : 9229X
Avation PLC
02 May 2019
AVATION PLC
("Avation" or "the Company")
RENEWAL OF SINGAPORE TAX INCENTIVE
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that its main operating subsidiaries have been granted a further 5-year tax incentive in Singapore under the Aircraft Leasing Scheme.
Avation's headquarters are in Singapore and the majority of the group's operations will benefit from this tax incentive, subject to meeting applicable terms and conditions.
The Aircraft Leasing Scheme provides for a concessionary tax rate on income derived from aircraft and aircraft engine leasing and exemption from withholding tax on qualifying loans. The 5-year renewal period for the incentive commenced on 17 April 2019.
Avation's Executive Chairman, Jeff Chatfield, said: "We are pleased to have successfully renewed our membership of Singapore's Aircraft Leasing Scheme which provides substantial tax benefits to the group."
-ENDS-
Enquiries:
Avation T: +65 6252 2077 Jeff Chatfield, Executive Chairman
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 international airlines across the globe.
More information on Avation is available at www.avation.net.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 02, 2019 08:35 ET (12:35 GMT)
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