REG - Avation PLC - SALE OF BOEING 737-800

AvationAnnouncement

16/02/2023 07:01

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RNS Number : 1286Q  Avation PLC  16 February 2023

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

SALE OF BOEING 737-800 AIRCRAFT

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is
pleased to announce that it completed the sale of a Boeing 737-800 aircraft.

Avation is seeking to transition to a modern technology low CO2 fleet. This
13-year-old aircraft was off-lease as it had been repossessed from an airline
in COVID-related difficulty.  The aircraft was unencumbered and the sale
further reduces Avation's inventory of off-lease aircraft from four to three.

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to conclude
the sale of this aircraft in furtherance of our desire to transition to newer
low CO2 aircraft.  Our transitions team successfully managed to repossess the
aircraft and swiftly shop visit both engines and the airframe.  This sale is
in line with our management objective to transition, lease or sell any
remaining off-lease aircraft by 30 June 2023."

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

Avation welcomes shareholder questions and comments and advises the email
address for questions is: investor@avation.net (mailto:investor@avation.net)
and the Company provides an investor Q & A during the conference call
associated with release of results. The head office telephone number is +65
62522077.

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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