("AVAP" or "the Company")
ATR 72 DELIVERY TO DANISH AIR TRANSPORT
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has delivered the first new ATR 72-600 aircraft to Danish Air Transport AS ("DAT").
Jeff Chatfield, Executive Chairman, commented: "We are pleased to welcome DAT as a customer and wish them well with the aircraft which was delivered today at ATR's facility in Toulouse, France. The lease is for 12 years and is at a market rate."
Danish Air Transport comment: "We are pleased with Avation's speed of execution and the flexibility provided in quickly establishing a lease on a new plane."
Karine Guenan, Vice President Leasing, Asset Management & Freighter Customer & Structured Finance at ATR commented: "This is the first ATR 72-600 aircraft for DAT and is proof that the 600 series is the right aircraft for the replacement wave of previous generation turboprop aircraft, resulting in renewed demand. We welcome DAT to this community. We congratulate Avation PLC in their achievements to place new, modern aircraft in the regional aviation market."
More information on Avation can be seen at: www.avation.net
Avation PLC - Jeff Chatfield Executive Chairman +65 6252 2077
Notes to Editors:
Avation PLC (AVAP: LSE) 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.
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