Proactive Investors - Run By Investors For Investors

Avation acquires Boeing 737-800 NG aircraft

The aircraft leasing firm said the acquisition was expected to complete in the second quarter of 2019
Boeing 737-800 NG
The plane will be the second Boeing aircraft in Avation’s portfolio

Avation PLC (LON:AVAP) has acquired a Boeing 737-800 Next Generation (NG) aircraft on the secondary market.

The aircraft leasing firm said the acquisition was expected to complete in the second quarter of 2019.

READ: Avation acquires and leases third new Airbus A220-300 aircraft to Latvian hybrid carrier, airBaltic

The plane, which is eight years old and the second Boeing aircraft in Avation’s portfolio, is currently on an operating lease with Indonesian airline Garuda until mid-2022.

Jeff Chatfield, executive chairman of Avation, said the 737-800, “one of the most successful and popular aircraft types ever made”, had “good residual value”.

In early trading on Thursday, Avation shares were up 0.2% at 283p.

View full AVAP profile View Profile

Avation PLC Timeline

Related Articles

cargo trucks
April 30 2019
Investors have been nervous about what effect Brexit might have on a UK-based transport group with a big presence in Europe, but Xpediator thinks demand for its services will be greater than ever
Aircraft
January 03 2019
In an update at the company’s annual meeting in November, investors were told lease income for the six months to the end of December will be in the order of US$58mln, up 39% year on year

© Proactive Investors 2019

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