logo-loader
viewAvation PLC

Avation PLC - BOEING 737-800 NG ACQUISITION

RNS Number : 3054U
Avation PLC
28 March 2019
 

AVATION PLC

("Avation" or "the Company")

BOEING 737-800 NG ACQUISITION

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces the acquisition of a Boeing 737-800 Next Generation ("NG") aircraft with CFM 56 Engines in the secondary market. The Company has entered into a conditional agreement to purchase the aircraft which is approximately 8 years old and is on operating lease to Indonesian flag carrier, Garuda Indonesia, until mid-2022.

 

The acquisition of the aircraft is expected to be completed in the second quarter of 2019 and is subject to closing conditions typical of a transaction of this nature.

 

Avation's Executive Chairman, Jeff Chatfield, said: "We are constantly looking to further diversify our aircraft portfolio and operator base. We believe that the Boeing 737-800 NG is an excellent aircraft, indeed one of the most successful and popular aircraft types ever made, with a good residual value outlook. Avation is always willing to consider attractive value acquisitions. This aircraft is the second Boeing aircraft in the Company's portfolio."

 

-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.
 
END
 
 
ACQJPMPTMBBTMJL

Quick facts: Avation PLC

Price: 280

Market: LSE
Market Cap: £175.59 m
Follow

Create your account: sign up and get ahead on news and events

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Avation PLC soaring as it reports record revenue, profit and...

Avation PLC's (LON:AVAP) Richard Wolanski caught up with Proactive London's Andrew Scott following the release of the aircraft leasing company's full year results to June 2019. The firm achieved both record revenues and profits and investors were rewarded with a bumper dividend pay-out too.

on 11/9/19