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Avation PLC announced on 19 October 2021 that it completed the sale of one Airbus A220-300 aircraft. This transaction, previously announced on 25 August 2021, involved an aircraft with manufacturer serial number 55034, currently on lease to airBaltic.
| Date | 19 Oct 2021 |
| Time | 08:17:36 |
| Category | Acquisitions and alliances |
| ID | 5106P |
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
SALE OF ONE AIRBUS A220 AIRCRAFT
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that, further to the announcement made on 25 August 2021, it has now completed the sale of one Airbus A220-300 aircraft with manufacturer serial number 55034, currently on lease to Latvian carrier, airBaltic.
Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to have completed this transaction for portfolio management purposes. This transaction demonstrates the recovery of the secondary market in the latest technology low emission, single-aisle aircraft, such as the Airbus A220."
ENDS-
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises the email address is: [email protected]
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.