Avation PLC SALE OF ATR 72-500 AIRCRAFT (6704C)
June 22 2021 - 1:40AM
UK Regulatory
TIDMAVAP
RNS Number : 6704C
Avation PLC
22 June 2021
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
SALE OF ATR 72-500 AIRCRAFT
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company, is pleased to announce that it has sold a 2011
built ATR 72-500 aircraft with manufacturer serial number 978.
The aircraft was one of 11 ATR aircraft previously leased to
Virgin Australia ("Virgin") which were redelivered to the Company
when Virgin entered administration. The sale of this aircraft
leaves Avation with seven remaining aircraft previously leased to
Virgin which will be transitioned or sold.
Avation's Executive Chairman, Jeff Chatfield said: "We are
pleased to conclude the sale of this ten-year-old aircraft to a
North American airline. This sale further reduces the inventory of
aircraft which were recovered from by Virgin Australia."
ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in
Singapore, owning and managing a fleet of commercial passenger
aircraft which it leases to airlines around the world.
More information on Avation is available at www.avation.net
.
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