Avation delivers new aircraft to South Asian client
The plane is on a financial lease to the airline for six years
Company
LON:AVAP
Avation is a London Stock Exchange main market company quoted on the 06 October 2010. Avation has both its shares AVAP.L and warrants AVAW.L admitted to the LSE. Avation was incorporated 2006 in England and Wales. Avation PLC is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation's future focus are new technology low CO2 emission aircraft. Our current customers include easyJet, Eva Air, Philippine Airlines, Alliance Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, airBaltic and Danish Air Transport. The company’s fleet includes Airbus A320 and A220 aircraft, Boeing 737 NG and 777-300ER aircraft and ATR 72 aircraft.
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The plane is on a financial lease to the airline for six years
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The Asset Transfer System will help Avation and its customers to manage and organise important documents
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The aircraft leasing firm had previously announced the Boeing acquisition in March, which now takes its portfolio to 47 aircraft and expands its customer list to 17 airlines
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The aircraft leasing firm said the 12-year lease for the aircraft had commenced on 15 May and was the last in the series of aircraft contracted to airBaltic
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Financing terms for the aircraft were good said executive chairman Jeff Chatfield.
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