Business
ENGINE LEASE BUSINESS UPDATE
ENGINE LEASE BUSINESS UPDATE.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 4314Z Avation PLC 10 January 2020 \n\nVia RNS and SGXNET \n \nAVATION PLC\n(\"Avation\" or \"the Company\")\n \nENGINE LEASE BUSINESS UPDATE\n \nLONDON - 10 JANUARY 2020 - Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce that it has completed the purchase of its first engine, which is now available for lease as a spare engine to commercial aircraft operators. The acquired engine is virtually new having only completed 54 hours and is a Pratt and Whitney Canada PW127M. \n \nJeff Chatfield, Executive Chairman said \"The Company believes the line of engine leasing will be modestly accretive to its business and tactically useful in support of its own and its customers' fleets from time to time. The Avation marketing team is in the process of establishing marketing plans for engine leasing and establishing the sales and marketing process.\"\n \n \n- ENDS -\nEnquiries:\nAvation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077\n \nAvation welcomes shareholder questions and comments and advises the email address is: [email protected]\n \nNotes to Editors: \nAvation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. \nMore information on Avation is available at www.avation.net.\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END UPDBMMLTMTIBMPM\n ","length":3535,"tagName":"div"}]