viewAvation PLC

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.

Quick facts: Avation PLC

Price: 302.5 GBX

Market: LSE
Market Cap: £189.7 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...



Full interview: Avation PLC soaring as it reports record revenue, profit and...

Avation PLC's (LON:AVAP) Richard Wolanski caught up with Proactive London's Andrew Scott following the release of the aircraft leasing company's full year results to June 2019. The firm achieved both record revenues and profits and investors were rewarded with a bumper dividend pay-out too.

on 11/9/19

2 min read