Avation PLC OPERATIONAL UPDATE (7278Q)
September 14 2017 - 1:35AM
UK Regulatory
TIDMAVAP
RNS Number : 7278Q
Avation PLC
14 September 2017
AVATION PLC
("Avation" or "the Company")
OPERATIONAL UPDATE
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company is pleased to announce it has signed multiple long
term leases with two airlines for four aircraft.
In response to an analyst question, Avation confirms that it has
signed a new lease for a mid life Airbus A321 which will commence
on expiry of its existing lease in mid 2018. The aircraft will
transition to another European Airline for a term of 72 months at
typical commercial rates for a mid life aircraft.
Furthermore in respect to the Letter of Intent for three
aircraft announced on the 19 July 2017 the long term leases have
now been signed. The three aircraft are currently undergoing final
configuration and are scheduled to be delivered toward the end of
Q4 of 2017.
-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
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 Air France, Air India, Condor, Flybe, Fiji Airways, Thomas
Cook, Virgin Australia, UNI Air, Mandarin Airlines and VietJet
Air.
This information is provided by RNS
The company news service from the London Stock Exchange
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