REG - Avation PLC - COMPLETION OF AIRCRAFT TRANSITION

AvationAnnouncement

04/12/2023 07:00

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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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