Business
Completion of Sale of Aircraft
Completion of Sale of Aircraft.
About this update from Avation Plc
[{"type":"text","content":"\n \n\nMarketwire: AVAP\n December 13, 2013\n\n AVATION PLC\n (the \"Company\")\n\n COMPLETION OF SALE OF AIRCRAFT\n\nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has formally completed the sale of an \nATR72-600 aircraft being the first completion of the sale of two aircraft announced on 20 November 2013. \n\nThe aircraft was acquired pursuant to the exercise of an option. This aircraft is being sold new to a third party \nimmediately following delivery to the Company from the Manufacturer, Avions de Transport Régional (ATR) and will be \noperated by a new airline in Myanmar.\n\nThis sale is consistent with the Company's desire to maximise the value of its aircraft delivery pipeline and a desire \nto assess the merits of each and every lease and disposal opportunity on a case by case basis.\n\n -ENDS-\n\nMore information on Avation PLC can be seen at: www.avation.net\n\nEnquiries:\n\nAvation PLC \nJeff Chatfield, Executive Chairman +65 973514151\n\nW H Ireland \nHarry Ansell / James Joyce +44 20 7220 1666\n\nLiberum Capital Limited \t\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":1901,"tagName":"div"}]