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.
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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.