AVATION PLC
("Avation" or "the Company")
AIRCRAFT FLEET METRICS
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company provides an update of fleet metrics. These metrics are calculated by management as at 30 September 2016 and are unaudited.
Date |
30 September 2016 |
30 September 2015 |
Size of aircraft fleet |
38 |
31 |
Aircraft fleet age (weighted average) |
3.2 years |
5.4 years |
Remaining lease term (weighted average) |
7.4 years |
5.9 years |
Fleet Utilisation |
100% |
100% |
The Company's Executive Chairman, Jeff Chatfield, said: "The Company has purchased and delivered a series of factory new aircraft to airlines during 2016, has sold off mid-life aircraft and has continued to improve average age and lease term metrics. Contracted unexpired lease revenue for the fleet, as at 30 September 2016, totals US$ 752.5 million (30 September 2015: US$550.6 million). Avation seeks to maintain a fleet of aircraft assets with a low average age and long average remaining lease term."
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation Jeff Chatfield, Executive Chairman |
|
T: +65 6252 2077 |
Notes to Editors:
Avation PLC is a commercial passenger aircraft leasing company owning and managing a fleet of jet and turbo prop aircraft which it leases to airlines across the world. The Company's customers include VietJet Air, Thomas Cook, Air France, Condor, Air Berlin, Virgin Australia, Fiji Airways and UNI Air.
www.avation.net
