Avation PLC RESPONSE TO ANALYST QUESTIONS FROM INVESTOR CALL (6002N)
30 September 2021 - 11:45PM
UK Regulatory
TIDMAVAP
RNS Number : 6002N
Avation PLC
30 September 2021
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
RESPONSE TO ANALYST QUESTIONS FROM INVESTOR UPDATE CALL
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company advises in response to analyst questions at its
Investor Update Call of the 30 Sept 2021 certain business
developments. The Company can advise that it has entered into a
Letter of Intent to transition an Airbus A320 from Air France to
another European airline at the conclusion of its current lease
during October 2021. Furthermore, the Company advises that it has
entered into another Letter of Intent to sell three of the
remaining Virgin Australia ATR72-600 aircraft to another European
airline for cash, which transaction is expected to close during Q4
of calendar year 2021. Both of these transactions are subject to
definitive documentation and typical closing mechanics. In due
course, the Company will announce material developments concerning
these transactions at the appropriate times.
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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