Avation PLC ADVISER FOR TURBOPROP PORTFOLIO (9318O)
November 11 2016 - 1:00AM
UK Regulatory
TIDMAVAP
RNS Number : 9318O
Avation PLC
11 November 2016
AVATION PLC
("Avation" or "the Company")
ADVISER FOR TURBOPROP PORTFOLIO
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company advises that it has appointed a financial adviser
to assist in the evaluation of an expression of interest for the
purchase of its current portfolio of ATR turbo prop aircraft.
The financial adviser appointed to advise the Company on the
portfolio is DVB Bank SE, Singapore Branch acting through its
Aviation Financial Consulting division.
Contact details:
DVB Bank SE Singapore Branch
77 Robinson Road #30-02, Singapore 068896
Tel +65 6511 3431, Mobile +65 9295 3551
Vicente.Alava-Pons@dvbbank.com
DVB Bank SE London Branch
Park House, 16-18 Finsbury Circus, London EC2M 7EB, United
Kingdom
Tel +44 20 7256 4407, Mobile +44 7884 733 324
Kieran.O'Keefe@dvbbank.com
The company will evaluate the expression of interest in due
course and emphasises that discussions are at an early stage with
no decision having been made. Accordingly, there is no certainty
that any definitive agreement will be entered into and there is no
certainty that any transaction will materialise from the current
discussions.
DVB Bank SE is a leading specialist in international transport
finance. As a specialised niche finance provider, DVB offers
approximately 600 clients and client groups from the international
transport sector a broad range of customised solutions. Leveraging
this business intelligence in four transport finance divisions -
Aviation Finance, Shipping Finance, Offshore Finance and Land
Transport Finance - DVB supports clients in the key product areas
of Structured Asset Lending, Asset Management, Risk Distribution,
Corporate Finance Solutions, and Private Equity Sourcing &
Investments. DVB's aviation office locations comprise:
Frankfurt/Main, London, New York, Singapore and Tokyo.
The Company will make further announcements in due course as and
when there are any material developments.
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation T: +65 6252 2077
Jeff Chatfield, Executive
Chairman
DVB T: +65 6511 3443
Gilles Lim, Senior Vice
President, Aviation Financial
Consultancy
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, 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
END
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