Avation PLC AVATION PLC LEASES TWO ATR 72-600 AIRCRAFT TO DAT (8633X)
August 15 2018 - 2:51AM
UK Regulatory
TIDMAVAP
RNS Number : 8633X
Avation PLC
15 August 2018
AVATION PLC
("AVAP" or "the Company")
AVATION PLC LEASES TWO ATR 72-600 AIRCRAFT TO DANISH AIR
TRANSPORT A/S
Avation PLC (AVAP: LSE), the commercial passenger aircraft
leasing company announces that it has signed leases with Danish Air
Transport A/S ("DAT") for the supply of two new ATR 72-600
aircraft. The aircraft will be delivered in Toulouse, France in
September and October this year. The leases are 12 years.
DAT is a Danish airline operating scheduled and charter services
which, together with its Lithuanian sister company DOT LT, operates
a fleet of 23 aircraft.
Jeff Chatfield, Executive Chairman, said: "The Company is
pleased to welcome DAT as an addition to the Company's airline
client base. DAT is a highly respected operator in Europe. The
Company continually seeks long-term leases and these two 12-year
leases align with our strategy. Lease payments for the aircraft are
denominated in Euros. Avation has secured matching Euro financing
for the aircraft to mitigate currency exposure. The addition of DAT
is also a further step in the strategy of the Company to diversify
its customer portfolio."
Captain Jesper Rungholm, President of DAT said: "We are
impressed with Avation PLC and are delighted to welcome them as a
valued business partner. We look forward to the introduction of
these two new ATR 72-600 aircraft, which will allow DAT to
strengthen its fleet and to offer an improved, modern product to
our customers."
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252
2077
Notes to Editors:
Avation PLC is a commercial passenger aircraft leasing company,
headquartered in Singapore, owning and managing a fleet of jet and
turboprop aircraft which it leases to airlines across the world.
The Company's customers now include airBaltic, Air France, Air
India, DAT, easyJet, EVA Air, Flybe, Fiji Airways, Galistair,
Mandarin Airlines, Philippine Airlines, Thomas Cook, Virgin
Australia, and Vietjet Air. More information on Avation is
available at www.avation.net.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQPAMRTMBIBMPP
(END) Dow Jones Newswires
August 15, 2018 03:51 ET (07:51 GMT)
Avation (LSE:AVAP)
Historical Stock Chart
From Apr 2024 to May 2024
Avation (LSE:AVAP)
Historical Stock Chart
From May 2023 to May 2024