Avation PLC SALE OF A321 ON DELIVERY (9354N)
November 01 2016 - 2:00AM
UK Regulatory
TIDMAVAP
RNS Number : 9354N
Avation PLC
01 November 2016
AVATION PLC
("Avation" or "the Company")
SALE OF A321 ON DELIVERY
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company announces the successful delivery and sale of the
fourth new Airbus A321-200 aircraft out of the Company's orderbook
for six A321-200s with VietJet Air. This aircraft is a new delivery
from the Airbus production facility in Hamburg, Germany.
The aircraft has been sold by the Company with the lease in
place to a Chinese lessor. The Company's rationale for the sale is
both favourable economics and the management of concentration
risks.
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation T: +65 6252 2077
Jeff Chatfield, Executive
Chairman
Notes to Editors:
Avation PLC is a commercial passenger aircraft leasing company
owning and managing a fleet of jet and turboprop aircraft which it
leases to airlines across the world. The Company's customers
include Vietjet, Thomas Cook, Air France, Condor, Air Berlin,
Flybe, Scandinavian Airlines, Air India, Virgin Australia, Fiji
Airways and UNI Air.
Avation is the second largest lessor customer of ATR turboprop
aircraft globally and the Company is one of a small number of
aircraft lessors which have both a sales contract and option
positions with ATR.
This information is provided by RNS
The company news service from the London Stock Exchange
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