Avation PLC (LON:AVAP)

Avation PLC (LON:AVAP)


Share Price
272.00 p
Change
0 (0.00 %)
Market Cap
£174.92 m
Proactive Investors - Run By Investors For Investors

Avation PLC RNS Release

RENEWAL OF SINGAPORE TAX INCENTIVE


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

Jeff Chatfield, Executive Chairman

 

T: +65 6252 2077

 

Avation welcomes shareholder questions and comments and advises the email address is: [email protected] 

 

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 [email protected] or visit www.rns.com.
 
END
 
 
AGRLLLFBKEFXBBF

Avation PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use