Avation PLC AIRCRAFT TRANSITION (1442V)
01 November 2017 - 2:05AM
UK Regulatory
TIDMAVAP
RNS Number : 1442V
Avation PLC
31 October 2017
AVATION PLC
("Avation" or "the Company")
AIRCRAFT TRANSITION
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company is pleased to announce it has signed a conditional
letter of intent with easyJet Airline Company Limited ("easyJet")
for the entering into a new lease of an Airbus A320-200 serial
number 4033.
The aircraft has been on lease to Air Berlin. The term sheet for
the new lease is subject to the customary conditionality and the
settling of final documentation and the formal completion of
easyJet's partial purchase of Air Berlin. The proposed lease rates
and duration are typical for aircraft of that type.
Executive Chairman Jeff Chatfield said "we are pleased to have
entered into a conditional term sheet with easyJet for a new lease
of the Airbus A320 providing for the smooth transition of the
aircraft. Avation does not expect any financial impairment,
material loss nor gain associated with the transition of the
aircraft from Air Berlin to easyJet".
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation T: +65 6252 2077
Jeff Chatfield, Executive
Chairman
Notes to Editors:
Avation PLC
Avation PLC is a commercial passenger aircraft leasing company,
owning and managing a fleet of jet and turboprop aircraft which it
leases to airlines across the world. The Company's customers
include Air France, Air India, Condor, Flybe, Fiji Airways, Thomas
Cook, Virgin Australia, UNI Air, Mandarin Airlines and VietJet
Air.
This information is provided by RNS
The company news service from the London Stock Exchange
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