The aircraft leasing firm said it had received the award for a sale and leaseback of two Airbus A220-300 aircraft from the Latvian carrier last year.
The deal was the industry’s first open market sale and leaseback of an A220-300 in a transaction that combined a non-mainstream asset with a relatively untested credit, a perceived ambitious price and a euro-denominated rental target.
Avation’s executive chairman Jeff Chatfield said: "we remain committed to expanding our fleet with new technology aircraft for a diverse range of clients and believe that the A220 will attract a broad operator base and maintain a strong residual value outlook."
In mid-morning trading on Friday, Avation shares were down 1.4% at 290p.
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