Avation has entered into two agreements to purchase and lease two additional factory new Airbus A321-200 aircraft to Vietjet, the leading domestic and international new-age carrier of Vietnam.
These transactions are entered into following the exercise by Avation of an option along with an additional aircraft position.
The aircraft are to be equipped with CFM International CFM56-5B3/3 engines and seating for 230 passengers, the highest seat density of an Airbus A321-200.
They are expected to be delivered before during the 2016 calendar year. They will be employed by Vietjet on its expanding route network of domestic and international destinations from multiple bases in Vietnam.
The long term operating lease terms are typical for an aircraft of this type.
At 8:13am: (LON:AVAP) Avation Plc share price was +1.5p at 147.5p