Avation PLC (LON:AVAP) has announced it has acquired and leased one factory new C Series CS300 aircraft to airBaltic, the Latvian hybrid carrier.
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.
READ: Avation inks long-term lease agreements with airBaltic for two new Bombardier CS300s
Jeff Chatfield, executive chairman of Avation, said: “This aircraft is the first acquisition in a series of two aircraft.”
He added: “It is the first delivery for Avation of the new-technology single-aisle CS300 aircraft and we are pleased to be involved as a Lessor to the programme.”
“The addition of this new aircraft type and new customer further enhances the diversity of the company’s portfolio,” he concluded.