Avation PLC COMPLETION OF AIRCRAFT TRANSITION (3657V)
04 Décembre 2023 - 8:00AM
UK Regulatory
TIDMAVAP
RNS Number : 3657V
Avation PLC
04 December 2023
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
COMPLETION OF AIRCRAFT TRANSITION
Avation PLC (LSE: AVAP) , the commercial passenger aircraft
leasing company, is pleased to advise that further to the Company's
announcement on 11 September 2023, it has delivered an Airbus A320
aircraft to Philippines low-cost carrier, Cebu Pacific. The market
rate operating lease is for a term of four years. The aircraft was
successfully transitioned from the previous operator following
scheduled maintenance checks and reconfiguration.
Avation's Executive Chairman, Jeff Chatfield said: "We are
delighted to have delivered this aircraft to our Cebu Pacific. This
rapid transition demonstrates the Avation team's capacity to
remarket and transition aircraft to quality lessees and our ability
to leverage the relationships we have with existing customers. This
aircraft was one of the three remaining unutilised aircraft in
Avation's fleet, the remainder of which are contracted for lease
and disposal respectively. We remain optimistic in the market
outlook for lessors."
-ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
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.
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END
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