Business
ACQUISITION OF AIRBUS ON LEASE TO AIR BERLIN
ACQUISITION OF AIRBUS ON LEASE TO AIR BERLIN.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 5735N Avation PLC 01 February 2016 \n\nAVATION PLC\n(\"Avation\" or \"the Company\")\nACQUISITION OF AIRBUS ON LEASE TO AIR BERLIN\n \nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that, further to the trading update given on 16 November 2015, completion has occurred of the acquisition of the Airbus A320 aircraft referred to in the update. \n \nThe aircraft is leased to Air Berlin, the second largest airline in Germany. The terms of the lease are typical for an aircraft of this type and the lease has a remaining term of more than five years. The Company obtained a senior debt facility of approximately US$25 million with one of its existing bankers to support the financing of the acquisition.\n \n \n-ENDS-\nMore information on Avation can be seen at: www.avation.net\nEnquiries: \n\n\n\n\nAvation\nJeff Chatfield, Executive Chairman\n\n\n\n\n\nT: +65 6252 2077\n\n\n\n\nStifel Nicolaus Europe Ltd, Joint Broker\nRobin Mann / Gareth Hunt / Stewart Wallace\n\n\n\n\n\nT: +44 20 7710 7722\nT: +44 20 7710 7479 \n\n\n\n\nWH Ireland Ltd, Joint Broker\nHarry Ansell / James Joyce\n\n\n\n\n\nT: +44 20 7220 1666\n\n\n\n\n \nNotes to Editors: \nAvation PLC\nAvation PLC is a commercial passenger aircraft leasing company owning and managing a fleet of jet and turbo prop aircraft which it leases to airlines across the world. The Company's customers include Air Berlin, Virgin Australia Airlines, Thomas Cook, Condor, Air France, Fiji Airways and UNI Air. \nwww.avation.net\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQQFLBBQLFBBBX\n ","length":3630,"tagName":"div"}]