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Avation PLC - AIRBUS A220-300 DELIVERY TO AIRBALTIC

RNS Number : 1362U
Avation PLC
27 March 2019
 

AVATION PLC

("Avation" or "the Company")

AIRBUS A220-300 DELIVERY TO AIRBALTIC

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased a third new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease commenced on 26 March 2019.

 

Avation's Executive Chairman, Jeff Chatfield, said: "We have expanded our fleet with a third new aircraft delivery to airBaltic and we are proud to be associated with this growing and popular airline. Avation is pleased to be involved with the A220 programme as a lessor and we are optimistic about the prospects for this new-technology, fuel-efficient aircraft type."

 

airBaltic's Chief Executive, Martin Gauss, said: "airBaltic is making good progress with its fleet rationalization around the Airbus A220-300 and we are very pleased to be taking delivery of this next aircraft from Avation PLC, who has again been selected to supply on lease another four aircraft, this being the first of the four."

 

 

-ENDS-

Enquiries:

Avation

Jeff Chatfield, Executive Chairman


T: +65 6252 2077

 

Avation welcomes shareholder questions and comments and advises the email address is: [email protected] 

 

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 international airlines across the globe.

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 [email protected] or visit www.rns.com.
 
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Price: 179

Market: LSE
Market Cap: £112.18 m
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