Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Avation adds another aircraft to leased fleet

"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
Airbaltic aircraft
The 12-year lease is already underway

Avation PLC (LON:AVAP) told investors that it has acquired and leased a second new Airbus A220-300 aircraft to airBaltic.

It is a 12-year lease, beginning July 19, and it is priced at the market rate.

"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.

READ: Avation estimates revenue jump for full-year

“The Bombardier CS300 aircraft has been rebranded the Airbus A220-300 following completion of the acquisition of a majority stake in the C Series Aircraft Limited Partnership by Airbus.

“The A220-300 seats 130-160 passengers and has a range of up to 3,300 nautical miles. Avation is pleased to be involved with this programme as a Lessor and we are optimistic about the sales prospects for this new-technology, fuel efficient aircraft type."

View full AVAP profile View Profile

Avation PLC Timeline

Related Articles

September 20 2018
Avation said its 2018 performance showed growth consistent with an increase in fleet assets and record high monthly lease rental collections

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use