Avation on the up after completing sale of an Airbus A220-300 aircraft

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Avation PLC (LSE:AVAP) shares ascended in early deals on Tuesday as the aircraft leasing company said it had completed the sale of an Airbus A220-300 aircraft.


Shares were up 4.2% to 105.25p after the company confirmed the sale, first flagged on 25 August.


The sold aeroplane is currently on lease to Latvian carrier, airBaltic.


“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,” said Jeff Chatfield, the executive chairman of Avation.

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