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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.

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Price: £2.87

Market: LSE
Market Cap: £183.71 m
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