Business
Acquistion of One Airbus A320-200 Aircraft
Acquistion of One Airbus A320-200 Aircraft.
About this update from Avation Plc
[{"type":"text","content":"\n \n\nRNS: AVAP\n 10 December 2013\n\n AVATION PLC\n (\"Avation\" or the \"Company\")\n\n ACQUISTION OF ONE AIRBUS A320-200 AIRCRAFT\n\nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces that it has\nexercised a purchase option to acquire one Airbus A320-200 (the \"Aircraft\") which it had previously leased from\nanother aircraft leasing company. In turn Avation will continue to lease the Aircraft to a major regional\nairline.\n\nThe purchase of the Aircraft was part financed by a new senior loan on commercial terms typical of such\ntransactions advanced by a new banker to the Company.\n\nCommenting today, Jeff Chatfield, Executive Chairman of Avation said: \"The buyout of this aircraft is in line\nwith the Company's strategy of purchasing newer aircraft and is evidence of the Company's ability to attract\ncommercial finance from a wider universe of bankers in pursuit of that strategy\".\n\n -ENDS-\n\nMore information on Avation PLC can be seen at: www.avation.net\n\nEnquiries:\n\nAvation PLC \nJeff Chatfield, Chairman +44 7783 942 553\n\nW H Ireland \nHarry Ansell / James Joyce +44 20 7220 1666\n\nLiberum Capital Limited \nChris Bowman / Richard Bootle +44 203 100 2222\n\nBlythe Weigh Communications \nTim Blythe / Eleanor Parry +44 207 138 3204\n\nAvation plc\n ","length":2241,"tagName":"div"}]