Responding to reports in the media, Avation, the commercial passenger aircraft leasing company based in Singapore, issued an advisory clarifying that all of its “leases remain in force and ongoing, save as otherwise announced”. During the period of the pandemic, Avation confirmed that it entered into a number of agreements with airlines to provide them with financial support. As the pandemic has progressed, some of these earlier lease amendment agreements with airlines were superseded and became obsolete. “Where appropriate, the Company has taken steps to formally terminate these earlier lease amendment agreements in the context of negotiations with airlines for

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