Source - LSE Regulatory
RNS Number : 9399S
Avation PLC
22 March 2021
 

Via RNS and SGXNET

 

AVATION PLC

("Avation" or "the Company")

 

LEASE DELIVERY OF NEW ATR 72 AIRCRAFT

 

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has delivered a new ATR 72-600 aircraft, with manufacturer's serial number 1591, to the South Asian airline US-Bangla Airlines. The operating lease for this aircraft is at market rates.

 

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to complete this third operating lease transaction with US-Bangla Airlines. We are starting to observe recovery in the air travel industry, notably in the regional sector where the ATR 72 is the best-suited aircraft. This aircraft is new and is unencumbered."

 

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.

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGREASDFALFFEEA
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.