Company Announcements

AIRCRAFT PLACEMENT

Source: RNS
RNS Number : 2935O
Avation PLC
08 February 2021
 

Via RNS and SGXNET

 

AVATION PLC

("Avation" or "the Company")

 

NEW ATR72 AIRCRAFT LEASE

 

SINGAPORE - 8 FEB 2021 - Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that it has entered into a new lease for an ATR72-600 for delivery from the factory in Toulouse. Delivery to an existing Asian client airline is expected to occur on or around the 10 March 2021.  The lease is for eight years and is at current market rates. The aircraft was previously purchased into inventory in December 2019.

 

Jeff Chatfield, Executive Chairman of Avation, said: "We anticipate that on recovery from the COVID-19 pandemic that regional travel will improve extremely rapidly, and that ATR aircraft represents the ideal solution for short duration sub 100 seat routes".

 

ENDS-

Enquiries:

 

Avation PLC - Jeff Chatfield, Executive Chairman                                      +65 6252 2077

 

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

 

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 airlines around the world.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGREAPAPEADFEEA