Avation PLC SALE OF THREE ATR 72-600 AIRCRAFT (4130S)
16 November 2021 - 6:00PM
UK Regulatory
TIDMAVAP
RNS Number : 4130S
Avation PLC
16 November 2021
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
SALE OF THREE ATR 72-600 AIRCRAFT
Avation PLC (LSE: AVAP) the commercial passenger aircraft
leasing company announces that, further to the announcement of 30
September 2021, it has signed agreements for the sale of three ATR
72-600 aircraft to Aegean Airlines S.A. of Greece ("Aegean").
These aircraft are three of the five ATR 72-600 aircraft
returned to the Company following the voluntary administration of
Virgin Australia in 2020. They will be delivered to Aegean over the
coming months following maintenance and preparation. The sale and
purchase agreements remain subject to customary conditions
precedent to be satisfied on each delivery.
Executive Chairman Jeff Chatfield said "Avation is pleased to
announce this further disposal of unutilised assets, which releases
tied up equity and allows the Company to re-focus on future
growth."
-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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