Sign up United Kingdom
Avation PLC (LON:AVAP)

Avation PLC (LON:AVAP)


Share Price
253.50 p
Change
-9 (-3.43 %)
Market Cap
£159.56 m
Proactive Investors - Run By Investors For Investors

Avation PLC RNS Release

Acquisition


RNS Number : 3012V
Avation PLC
20 July 2018
 

AVATION PLC

("AVAP" or "the Company")

AIRBUS A220-300 DELIVERY TO AIRBALTIC

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased a second new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease commenced on 19 July 2018 and is at a market lease rate.

 

Avation's Executive Chairman, Jeff Chatfield said: "We have expanded our fleet with a second delivery to Air Baltic and we are proud to be associated with this growing and popular airline.  The Bombardier CS300 aircraft has been rebranded the Airbus A220-300 following completion of the acquisition of a majority stake in the C Series Aircraft Limited Partnership by Airbus. The A220-300 seats 130-160 passengers and has a range of up to 3,300 nautical miles. Avation is pleased to be involved with this programme as a Lessor and we are optimistic about the sales prospects for this new-technology, fuel efficient aircraft type."

 

-ENDS-

 

More information on Avation can be seen at: www.avation.net

 

Enquiries:

 

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

 

Notes to Editors:

 

Avation PLC is a commercial passenger aircraft leasing company, headquartered in Singapore, owning and managing a fleet of jet and turboprop aircraft which it leases to airlines across the world. The Company's customers now include airBaltic, EVA Air, easyJet, Philippine Airlines, Air France, Air India, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, Mandarin Airlines and Vietjet Air. 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
 
 
ACQFKKDDCBKKPOB

Avation PLC Timeline

© Proactive Investors 2018

Proactive Investors 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