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Avation PLC

SALE OF MIDLIFE AIRBUS A320 AIRCRAFT

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RNS Number : 6398D
Avation PLC
27 June 2019
 

AVATION PLC

("Avation" or "the Company")

SALE OF MIDLIFE AIRBUS A320 AIRCRAFT

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce that it has sold a 2003 built Airbus A320 aircraft. 

 

The sale of this aircraft is consistent with Avation's policy of selling older aircraft in order to maintain a low average fleet age.

 

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to conclude the sale of this sixteen-year-old aircraft in order to maintain a low average fleet age and to realise an additional gain from aircraft trading in the current financial year. The sale was concluded at a satisfactory premium to book value."

 

-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.

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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