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Avation moves quickly to repossess two aircraft leased to Thomas Cook

The A321s have been repossessed and ferried from Manchester and Gatwick to an aircraft maintenance and repair organisation outside of the UK

Thomas Cook
The aircraft will be marketed and delivered to another airline in due course

Avation PLC (LON:AVAP) has repossessed two Airbus A321 aircraft that it had leased to collapsed travel group Thomas Cook.

The two aircraft will undergo routine calendar airframe maintenance checks and will be marketed and delivered to another airline in due course.

"Avation is pleased with the success of our technical team in quickly repossessing and repositioning the two aircraft previously operated by Thomas Cook,” said Jeff Chatfield, the executive chairman of Avations.

“These two Airbus A321 aircraft are relatively new at approximately 3.5 years old and in our view are in superb condition. They will be marketed globally in a state fresh from a 2C airframe check and we anticipate them being in high demand amongst airlines," he added.

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Price: 120 GBX

LSE:AVAP
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Market Cap: £75.2 m
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on 9/6/20

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