Source - SMW
Avation has completed delivery of an Airbus A320-200 to easyJet following the signature of a lease agreement.

  This transaction was previously announced on 31 Oct. 

Avation said: 'This aircraft was formerly leased to Air Berlin, easyJet has received European Commission approval to acquire part of Air Berlin's operations and this aircraft will be used in that operation.'

 It said the lease rate and lease duration were typical for aircraft of that type with lease commencement in Berlin on 21 of Dec 2017.

Executive chairman Jeff Chatfield said 'We are pleased to have entered into a new lease with easyJet for this Airbus A320, allowing a transition of this aircraft from the now-defunct Air Berlin to an airline of such high regard as easyJet. 

'In our view it was pleasing to see such a prompt and commercially seamless aircraft transition.'

Avation also announced that it has appointed Charlotte McNeilly as legal counsel. 

Based in Singapore, McNeilly has joined the company's legal team advising on aircraft financing and leasing transactions. 

McNeilly previously worked for six years in private practice in London and Singapore specialising in aviation finance.


At 8:15am: (LON:AVAP) Avation Plc share price was +0.5p at 227.5p