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Avation confirms delivery of Airbus A320-200 to easyJet

The plane in question was previously leased to the now defunct Air Berlin, part of which easyJet has now been given permission to acquire

Aircraft leasing group Avation PLC (LON:AVAP) has completed delivery of an Airbus A320-200 to easyJet PLC (LON:EZJ).

A letter of intent was signed back in October but the lease was dependent on easyJet’s partial purchase of Air Berlin – the now defunct German carrier which formerly leased the plane in question.

READ: Avation planning to address shares' discount to net asset value "when conditions permit"

easyJet has now received approval from the European Commission to press ahead with its acquisition.

As Avation stated back in October, the lease rate and duration are typical for an aircraft of this type.

“We are pleased to have entered into a new lease with easyJet for this Airbus A320, allowing a transition of this aircraft from the now-defunct Air Berlin to an airline of such high regard as easyJet,” said executive chairman Jeff Chatfield.

READ: Avation makes first twin-aisle aircraft delivery

“In our view it was pleasing to see such a prompt and commercially seamless aircraft transition.”

Separately, the company announced that it has completed the acquisition of one twin-aisle Airbus A330 aircraft.The aircraft is on lease to EVA Air of Taiwan.

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