Avation PLC AIRCRAFT FLEET METRICS (9180M)
October 19 2016 - 1:00AM
UK Regulatory
TIDMAVAP
RNS Number : 9180M
Avation PLC
19 October 2016
AVATION PLC
("Avation" or "the Company")
AIRCRAFT FLEET METRICS
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company provides an update of fleet metrics. These metrics
are calculated by management as at 30 September 2016 and are
unaudited.
Date 30 September 30 September
2016 2015
Size of aircraft fleet 38 31
Aircraft fleet age (weighted 3.2 years 5.4 years
average)
Remaining lease term 7.4 years 5.9 years
(weighted average)
Fleet Utilisation 100% 100%
The Company's Executive Chairman, Jeff Chatfield, said: "The
Company has purchased and delivered a series of factory new
aircraft to airlines during 2016, has sold off mid-life aircraft
and has continued to improve average age and lease term metrics.
Contracted unexpired lease revenue for the fleet, as at 30
September 2016, totals US$ 752.5 million (30 September 2015:
US$550.6 million). Avation seeks to maintain a fleet of aircraft
assets with a low average age and long average remaining lease
term."
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation T: +65 6252
Jeff Chatfield, Executive 2077
Chairman
Notes to Editors:
Avation PLC is a commercial passenger aircraft leasing company
owning and managing a fleet of jet and turbo prop aircraft which it
leases to airlines across the world. The Company's customers
include VietJet Air, Thomas Cook, Air France, Condor, Air Berlin,
Virgin Australia, Fiji Airways and UNI Air.
www.avation.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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