JET TRANSACTION COMPLETION

RNS Number : 5437L

Avation PLC

27 December 2018

 

AVATION PLC

("AVAP" or "the Company")

JET TRANSACTION COMPLETION

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has completed the sale of one two-year old Airbus A321 aircraft to an Asian buyer as announced on the 3^rd of October 2018.

Jeff Chatfield, Executive Chairman, commented: "We sold this aircraft for risk management, credit rating and portfolio diversification reasons.  The sale was conducted in line with market conditions, at a price around current market value ("CMV"), albeit that Avation's book value for the aircraft is materially lower than CMV."

-ENDS-

More information on Avation can be seen at: www.avation.net

Enquiries:

Avation PLC - Jeff Chatfield Executive Chairman                                       [phone]

Notes to Editors:

Avation PLC (AVAP: LSE) is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to international airlines across the globe.  

More information on Avation is available at www.avation.net.

 

END

 

 

DISKMMZZRNNGRZG