AVAP
2 April 2014
AVATION PLC
(the "Company")
NEW AIRLINE CUSTOMER - UNI AIR
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces that it has secured a new airline lessee.
The Company has entered into agreements for the lease of aircraft with UNI Airways Corporation, the largest regional domestic airline of Taiwan. The agreements are for the lease of two new ATR 72-600 to be delivered in Q3 of 2014. The leases produce typical commercial net returns for the lease of such aircraft.
Avation PLC's Executive Chairman, Jeff Chatfield said, "We are very excited to welcome UNI Air to our increasingly diversified list of airline customers. The awarding of this contract is a further important step along the path of the Company's strategy of portfolio expansion and diversification of the customer base. We are very pleased that UNI Airways has selected Avation PLC as lessor to supply these two new aircraft."
-ENDS-
More information on Avation PLC can be seen at: www.avation.net
Avation PLC |
Jeff Chatfield, Executive Chairman |
+65 6252 2077 |
WH Ireland |
Harry Ansell / James Joyce |
+44 207 220 1666 |
Cenkos |
Guy Briselden |
+44 207 397 8900 |
Blytheweigh |
Tim Blythe / Eleanor Parry |
+44 207 138 3204 |
