Business
AIRCRAFT TRANSITION
AIRCRAFT TRANSITION.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 1442V Avation PLC 31 October 2017 \n\nAVATION PLC\n(\"Avation\" or \"the Company\")\nAIRCRAFT TRANSITION\n \nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company is pleased to announce it has signed a conditional letter of intent with easyJet Airline Company Limited (\"easyJet\") for the entering into a new lease of an Airbus A320-200 serial number 4033.\n \nThe aircraft has been on lease to Air Berlin. The term sheet for the new lease is subject to the customary conditionality and the settling of final documentation and the formal completion of easyJet's partial purchase of Air Berlin. The proposed lease rates and duration are typical for aircraft of that type.\n \nExecutive Chairman Jeff Chatfield said \"we are pleased to have entered into a conditional term sheet with easyJet for a new lease of the Airbus A320 providing for the smooth transition of the aircraft. Avation does not expect any financial impairment, material loss nor gain associated with the transition of the aircraft from Air Berlin to easyJet\".\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\n\n\n\n\n\n\n\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 turboprop aircraft which it leases to airlines across the world. The Company's customers include Air France, Air India, Condor, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, UNI Air, Mandarin Airlines and VietJet Air.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CNTMBBATMBMJBJR\n ","length":3551,"tagName":"div"}]