- Avation enters preliminary agreements to transition, sell aircraft
Quick facts: Avation PLC
Avation PLC is a commercial passenger aircraft leasing company that was incorporated in England and Wales in 2006 and whose shares are admitted to the standard segment of the UK listing authority’s official list and are traded on the Main Market of the London Stock Exchange (LSE: AVAP).
Avation owns and manages a fleet of aircraft which it leases, through its subsidiaries, to airlines across the world. Our customers include Loganair, Virgin Australia, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, Garuda Indonesia, Galistair, airBaltic and Danish Air Transport. The company’s fleet includes Airbus A320 and A220 aircraft, Boeing 737 NG and 777-300ER aircraft, ATR 72 and Fokker 100 aircraft.
30 Sep 2021
() announced it has entered two letters of intent as mentioned in response to analyst questions at an investor update call on Thursday.
The commercial passenger aircraft leasing company said one of the letters is to transition an Airbus A320 from Air France to another European airline at the conclusion of its current lease during October.
The other one is to sell three of the remaining () ATR72-600 aircraft to another European airline for cash, which is expected to close during the fourth quarter of calendar year 2021.
The group stressed both of these transactions are subject to definitive documentation and typical closing mechanics, so it will announce further developments when appropriate.
30 Sep 2021
() expects its cash position and liquidity to improve in the coming months as the airline industry starts to recover from the coronavirus crisis.
The civil aircraft lessor has also pencilled in late 2022 as the time it starts to expand again.
07 Sep 2021
(), a commercial passenger aircraft leasing company, said it repaid the outstanding export credit agency (ECA) insured loans associated with eight ATR 72 aircraft that were previously on lease to () Airlines.
“The export credit loans associated with the () aircraft have now been refinanced and retired,” said executive chairman Jeff Chatfield. “It is pleasing that commercial bank aircraft lending appears to be reopening following the disruption caused by COVID-19.”
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Avation PLC is a specialist commercial passenger aircraft leasing company managing a fleet of aircraft which it leases to airlines across the world. Our customers include Loganair, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu…
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