Avation PLC RESCHEDULING OF ATR ORDERBOOK (6702C)
22 June 2021 - 4:37PM
UK Regulatory
TIDMAVAP
RNS Number : 6702C
Avation PLC
22 June 2021
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
RESCHEDULING OF ATR ORDERBOOK
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company, is pleased to announce that it has reached
agreement with Avions de Transport Régional ("ATR") to amend and
reschedule its long term orderbook for ATR 72 series aircraft.
Avation previously had eight ATR 72-600 aircraft on firm order
from ATR. ATR and Avation have agreed to modify the orderbook.
Following this amendment Avation holds firm orders for two ATR
72-600 aircraft and purchase rights for 28 additional aircraft.
Delivery dates for the two remaining ordered aircraft have been
rescheduled to the fourth quarter of 2022. All purchase rights have
been extended and are available for aircraft with delivery dates on
or prior to the end of June 2027.
Avation's Executive Chairman, Jeff Chatfield said: "We are
pleased to reach agreement with ATR to reduce our committed
orderbook from eight to two aircraft while retaining future
flexibility afforded by additional purchase rights with extended
expiry dates. We have faith in the recovery of the regional
aviation sector post Covid-19 and look forward to continuing our
successful long-term relationship with ATR."
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
.
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END
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