Source - RNS
RNS Number : 9180M
Avation PLC
19 October 2016
 

AVATION PLC

("Avation" or "the Company")

 

AIRCRAFT FLEET METRICS

 

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company provides an update of fleet metrics. These metrics are calculated by management as at 30 September 2016 and are unaudited.

 

 

Date

30 September 2016

30 September 2015

 

Size of aircraft fleet

38

31

 

Aircraft fleet age (weighted average)

3.2 years

5.4 years

 

Remaining lease term (weighted average)

7.4 years

5.9 years

 

Fleet Utilisation

100%

100%

 

 

The Company's Executive Chairman, Jeff Chatfield, said:  "The Company has purchased and delivered a series of factory new aircraft to airlines during 2016, has sold off mid-life aircraft and has continued to improve average age and lease term metrics. Contracted unexpired lease revenue for the fleet, as at 30 September 2016, totals US$ 752.5 million (30 September 2015: US$550.6 million). Avation seeks to maintain a fleet of aircraft assets with a low average age and long average remaining lease term."

 

-ENDS-

 

More information on Avation can be seen at: www.avation.net

Enquiries:

Avation

Jeff Chatfield, Executive Chairman


T: +65 6252 2077


Notes to Editors:

Avation PLC is a commercial passenger aircraft leasing company owning and managing a fleet of jet and turbo prop aircraft which it leases to airlines across the world. The Company's customers include VietJet Air, Thomas Cook, Air France, Condor, Air Berlin, Virgin Australia, Fiji Airways and UNI Air.  

www.avation.net

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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