REG - Amedeo Air Four Plus - Factsheet

Amedeo Air Four PlusAnnouncement

08/05/2024 07:00

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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 (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.

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