Avation PLC (LON:AVAP) has successfully delivered the first in a series of new Airbus A321s to Vietnam carrier Vietjet on schedule.
The aircraft came straight off the production facility in Hamburg and is equipped with CFM International CFM56-5B3/3 engines and 230 passenger seats - the highest seat density of an Airbus A321-200.
Vietjet will use it on its expanding route network of domestic and international destinations from multiple bases in Vietnam.
Avation, which now has 39 owned aircraft in its fleet, said it had secured an asset backed senior debt facility with an existing banker to support the purchase.
Chairman Jeff Chatfield added: "Avation was delighted that Vietjet selected Avation to provide it with a series of aircraft after a rigorous selection process.
"We are now delighted to be delivering the first in a series of new Airbus A321s to Vietjet."
Separately, the firm said further to the announcement last year on the completion of the purchase of an Airbus A320 aircraft on lease to Air France, the term of the lease has been further extended with the airline.
Chatfield added: "Avation strives for long term leases on aircraft so as to mitigate risks involving short term market volatility."