REG - Avation PLC - SALE OF THREE ATR 72-600 AIRCRAFT

Aegean Airlines SAAnnouncement

16/11/2021 08:05

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RNS Number : 4130S  Avation PLC  16 November 2021

 

 

Via RNS and SGXNET

 

 

AVATION PLC

("Avation" or "the Company")

SALE OF THREE ATR 72-600 AIRCRAFT

Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company
announces that, further to the announcement of 30 September 2021, it has
signed agreements for the sale of three ATR 72-600 aircraft to Aegean Airlines
S.A. of Greece ("Aegean").

These aircraft are three of the five ATR 72-600 aircraft returned to the
Company following the voluntary administration of Virgin Australia in 2020.
They will be delivered to Aegean over the coming months following maintenance
and preparation. The sale and purchase agreements remain subject to customary
conditions precedent to be satisfied on each delivery.

Executive Chairman Jeff Chatfield said "Avation is pleased to announce this
further disposal of unutilised assets, which releases tied up equity and
allows the Company to re-focus on future growth."

 

-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 (mailto: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. (http://www.avation.net/)

 

 

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