Avation PLC

Avation reveals new long term aircraft lease agreement

News of the latest aircraft deal comes ahead of next month's release of interim results

ATR 72-600
It will be an eight year lease

Avation PLC (LON:AVAP) told investors that it has entered into a long-term lease agreement with a South-Asian airline for one new ATR 72-600 aircraft.

The commercial aircraft leasing firm said the new agreement covers an eight-year period and that it is on ‘market-standard terms and conditions’.

READ: Avation on course for record profits as growth drive continues

It expects the aircraft to be delivered at the end of next month.

Avation noted that it expects to publish its interim results, for the six months to December 31, next month on February 21.

Quick facts: Avation PLC

Price: £2.87

Market: LSE
Market Cap: £183.71 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


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...

In exchange for publishing services rendered by the Company on behalf of Avation PLC named herein, including the promotion by the Company of Avation PLC in any Content on the Site, the Company receives from said...



Investor Update: Lekoil agrees deal to drill up to five new wells in Nigeria

Top stories from the Proactive Investors UK newsroom. Kromek (LON:KMK) has been awarded three contracts worth £1.6mln for its D3S platform for nuclear radiation detection. The largest contract, worth £1.1mln, is with a UK government-related company. Avation (LON:AVAP) has seen another...

on 1/7/19

2 min read