Avation PLC (LON:AVAP)

Avation PLC (LON:AVAP)


Share Price
278.00 p
Change
-5.5 (-1.94 %)
Market Cap
£178.78 m
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Avation PLC RNS Release

FIFTH AIRBUS A220-300 DELIVERY TO AIRBALTIC


RNS Number : 3195X
Avation PLC
29 April 2019
 

AVATION PLC

("Avation" or "the Company")

FIFTH AIRBUS A220-300 DELIVERY TO AIRBALTIC

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased its fifth new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease for the aircraft MSN 55052 commenced on 26 April 2019.

 

The Airbus A220-300's aerodynamics combined with specifically designed Pratt & Whitney PurePower PW1500G geared turbofan engines contribute to an aircraft that delivers 20% lower fuel burn per seat than previous generation aircraft, with half the noise footprint, decreased emissions, making it a true community-minded jetliner.

 

Avation's Executive Chairman, Jeff Chatfield, said: "We are pleased to take delivery of our fifth of these latest technology aircraft for our customer airBaltic. This addition grows our overall fleet to 44 commercial passenger aircraft with a further 12 on order out to the year 2022. It is our view that the Airbus A220-300 was specifically designed and purpose-built for the 130-160 seat market to represent a fusion of latest technology and performance, allowing airlines to connect distant points on continents or on sectors that were previously unprofitable or impossible."

 

 

 

 

-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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