Further to the announcement on 12 March 2020, the Board of the Company notes the news that almost all airlines globally have been severely impacted by the reduction in passenger traffic as a result of Covid-19 and understands that many Governments, banks and lessors have received approaches from these airlines to discuss how they might support the industry.
Indeed, the Company has, in line with this news, received a written approach from Thai Airways, to whom the Company leases four A350s, to discuss how it might support them in this period.
The Board, together with its Asset Manager and other advisors, are discussing how the Company might respond, and considering the terms of any such support.
Thai have assured the Company that, as the flag carrier of Thailand, it fully commits to its obligations, and they are fully up-to-date with their payments to the Company. As and when these discussions reach any conclusions the Board will update shareholders accordingly.