Ansett Aviation Training Update - April 2020

On 29 April 2020, Ansett Aviation Training (AAT, Company) provided an operational update. The decision in late March 2020 by the Civil Aviation Safety Authority (CASA) to place a moratorium on mandated pilot training hours has led to a decline in AAT's monthly income by over 80%. Consequently, the Company has implemented a range of measures including, but not limited to, temporary reduction of staff hours and negotiating payment deferrals and discounts with suppliers.