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On 14 January 2025, Emirates notified AA4P Alpha Limited, a wholly owned subsidiary of Amedeo Air Four Plus Limited, of its exercise of an option. This option allows Emirates to redeliver the Airbus A380-861 aircraft (MSN 157) in a minimum "half-life" condition, with a payment of USD 17,000,000 to the Subsidiary on or prior to the aircraft's lease expiry date of 4 September 2026.
| Date | 14 Jan 2025 |
| Time | 16:18:22 |
| Category | Miscellaneous |
| ID | 3110T |
This announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of domestic law in the United Kingdom pursuant to The European Union Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
14 January 2025
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)
ASSET UPDATE: REDELIVERY CONDITION SIDE LETTER
Overview
Amedeo Air Four Plus Limited (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.
AA4P Alpha (MSN157) Redelivery Condition Side Letter
The Company, via its wholly owned subsidiary AA4P Alpha Limited (the "Subsidiary") has received notice from Emirates that it is exercising the option to enable it to redeliver the Airbus A380-861 aircraft bearing manufacturer's serial number 157 (registration A6-EEY, the "Aircraft") in the minimum condition equivalent to "half-life" together with a cash sum, as opposed to delivery in full-life condition. In the event the Aircraft is returned to the Subsidiary, Emirates will pay the sum of USD 17,000,000 to the Subsidiary, in addition to the normal monetary compensation arrangements, on or prior to the lease expiry date. The lease expiry date for the Aircraft, bearing manufacturer's serial number 157 (registration A6-EEY), is 4 September 2026.
The Board notes that the above does not preclude the Company from considering lease extension, sale or re-lease options for the Aircraft with Emirates or other counterparties.
This announcement has been released by JTC Fund Solutions (Guernsey) Limited, Company Secretary on behalf of the Company.
For further information, please contact:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702 400
Panmure Liberum Limited
Chris Clarke / Darren Vickers
+44 (0) 20 3100 2000
Link Asset Services
+44 (0) 3716 640 300
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.