Avation adds new client as it leases two ATR 72-600 planes to Danish Air Transport
The leases are for 12 years, which fits in with Avation’s strategy of leasing out its aircraft for longer periods of time
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 leases are for 12 years, which fits in with Avation’s strategy of leasing out its aircraft for longer periods of time
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"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,” said Jeff Chatfield, Avation executive chairman
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The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
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The commercial aircraft leasing group said its business was operating in line with expectations, with revenue for the full-year estimated to be over 15% higher than last year
The UK blue chip benchmark shed almost 90 points to finish the day at 7,547.
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The commercial passenger aircraft leasing company said the lease commenced on 15 June 2018 and is for 12 years and is at market lease rates
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The UK premier share index closed 2.58 points, or 0.03% to stand at 7,631
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The two single-aisle jets will be delivered to airBaltic straight from the Bombardier factory
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It is the second time Trump has mentioned the issue of high oil prices, having previously mentioned it in April
The commercial aircraft leasing group said it had entered into a conditional letter of intent with Far Eastern Air Transport Corp of Taiwan to supply one ATR 72-600 aircraft
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