Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Avation delivers aircraft for lease to Mandarin Airlines

The leases for the aircraft are at market rates and will last for eight years
plane
Avation has agreed to lease three ATR 72-600 aircraft to Mandarin Airlines

Avation PLC (LON:AVAP) has delivered the second of three ATR 72-600 aircraft to Mandarin Airlines under leases agreed earlier this year.

The commercial passenger aircraft leasing company will deliver the third aircraft to the airline, a subsidiary of Taiwan's flag carrier China Airlines, before the end of the year. The leases, announced on July 19, are at market rates and will last for eight years.

READ: Avation delivers first of three ATR 72-600 planes to Mandarin Airlines

"We are proud to be supporting Mandarin Airlines' fleet programme and to be delivering a second new ATR 72-600 aircraft,” said Avation executive chairman, Jeff Chatfield.

“The ATR 72-600 is the most popular turboprop aircraft and provides our airline customers with the most cost effective and environmentally friendly solution for regional airlines."

View full AVAP profile View Profile

Avation PLC Timeline

Big Picture
September 14 2017

Related Articles

Single aisle aeroplane
September 14 2017
A bit like Doctor Who, the company likes to regenerate periodically

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK 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