Business
Acquisition of Commercial Aircraft
Acquisition of Commercial Aircraft.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 6006F Avation PLC 28 July 2016 \n\nAVATION PLC\n(\"Avation\" or \"the Company\")\n \nSECOND NEW AIRBUS DELIVERED TO VIETJET\n \nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the successful purchase and delivery of a factory-new Airbus A321-200 aircraft (the \"Airbus\") to Vietjet, the leading domestic and international new-age carrier of Vietnam. This aircraft is the second in a series of new A321 deliveries direct from the Airbus production facility in Hamburg, Germany. \n \nThe long duration operating lease terms are typical for an aircraft of this type. The Company has secured an asset backed senior debt facility to support the purchase. The aircraft was delivered on schedule.\n \nThe Airbus is equipped with CFM International CFM56-5B3/3 engines, with cabin seating for 230 passengers; the highest seat density configuration for an Airbus A321. It will be employed by Vietjet on its expanding route network of domestic and international destinations from multiple bases in Vietnam.\n \nThe Company's Chairman, Jeff Chatfield commented that \"Avation remains delighted that Vietjet selected Avation to provide a series of aircraft after a rigorous selection process. We are now delighted to be delivering the second in the series of new aircraft to Vietjet. The addition of this aircraft brings Avation's fleet to 39.\"\n \n \n-ENDS-\nMore information on Avation can be seen at: www.avation.net \n \nEnquiries: \n\n\n\n\nAvation\nJeff Chatfield, Executive Chairman\n\n\n\n\n\nT: +65 6252 2077\n\n\n\n\n\nNotes to Editors: \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 Vietjet, Thomas Cook, Air France, Condor, Air Berlin, Flybe, Scandinavian Airlines, Air India, Virgin Australia, Fiji Airways and UNI Air. \nAvation is the second largest lessor customer of ATR aircraft globally and the Company is one of a small number of aircraft lessors which have both a sales contract and option positions with ATR. ATR 72 aircraft command approximately 80% - 85% of the current world's 70-seat turboprop market sales.\nwww.avation.net\n \n \nVietjet is the first airline in Vietnam to ope...