DP Aircraft I Limited signed a Letter of Intent with Thai Airways under which the parties have agreed to amend the existing lease terms. The new terms provide for a 'power by the hour' (PBH) arrangement until the end of next year (i.e. rent will be payable by reference to actual monthly utilisation of the Thai Assets), with scaled back monthly lease payments thereafter, reflecting the reduced rates now seen in the market. The lease term will be extended from October 2026 to December 2029, with the Company retaining a right of early termination in October 2026. Thai Airways has also undertaken to ensure that the Thai Assets are airworthy and in flight ready condition in all respects by 30 June 2021, and on an ongoing basis.