Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company has successfully extended the maturity date of its aircraft warehouse loan facility by four years to 30 September 2026. Aircraft finance loans outstanding under the facility, which currently comprises nine aircraft, include US Dollar and Euro advances with a total value of US$128.7 million. Other than the maturity date, there are no substantive changes to the facility.
Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to have completed the restructuring and extension of this loan provided by one of our key lending banks. Following this extension the Company has no significant debt maturities, other than regular amortisation payments, before 2025."