COMPLETION OF PART OUT OF MSN 52

RNS Number : 9217X

Capital Lease Aviation PLC

03 September 2015

 

RNS: CLA                                                                                                                                              September 3, 2015

CAPITAL LEASE AVIATION PLC

("CLA" or "the Company")

COMPLETION OF PART OUT OF MSN 52

Capital Lease Aviation PLC (CLA: AIM), the commercial passenger aircraft leasing company, announces that it has successfully completed the disposal by way of part out of a 25 year old Airbus A320, which was at the end of its useful economic life.  

The Company realised in excess of US $5.11m which has been added to the Company's cash reserves for future aircraft purchase opportunities. After a tax write back, the final book loss from the overall proceeds is US $1.2m.

    -ENDS-

More information on Capital Lease Aviation can be seen at: http://cl-aviation.com/

Enquiries:

Capital Lease Aviation PLC - Jeff Chatfield Executive Chairman                                 [phone]

WH Ireland - James Joyce / James Bavister                                                                     [phone]

Blytheweigh - Tim Blythe / Wendy Haowei / Andrea Benton                                     [phone]

 

END

 

 

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