Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has delivered the second of a series of new Airbus A321-200 aircraft to Thomas Cook Airlines Limited.
The aircraft was delivered at the Airbus manufacturing facility in Hamburg, Germany.
Avation said the lease runs for 12 years and the terms are typical for a new delivery aircraft of this type.
The company has entered into an asset-backed senior debt facility with an existing lender in order to finance the acquisition of this aircraft.
"Avation is pleased to deliver this second new Airbus A321 to Thomas Cook Airlines Limited, fulfilling a contract for the lease of two new aircraft,” said Jeff Chatfield, Avation's executive chairman.
“The company has been a lessor to Thomas Cook for nine years and we are grateful for their continued confidence. We are also pleased to be taking delivery of our second factory-new aircraft from Airbus," he added.