Business
Fiji Airways Aircraft Lease Signed
Fiji Airways Aircraft Lease Signed.
About this update from Avation Plc
[{"type":"text","content":"\n \n\nRNS: AVAP\n 24 October 2013\n\n AVATION PLC\n (the \"Company\")\n\n FIJI AIRWAYS AIRCRAFT LEASE SIGNED\n\nAvation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and leases\nthem to airlines, today announces that it has executed the operating lease documentation with Fiji Airways for\none new ATR 72-600 aircraft to be delivered in April 2014.\n\nThe operating lease will be for a twelve year term and is at typical commercial lease rates. The operator of the\naircraft will be Fiji Airways' regional subsidiary, Pacific Sun. Delivery is anticipated to occur in the month\nof April 2014.\n\nJeff Chatfield, Avation Executive Chairman, said: \"We are pleased to diversify our portfolio to the Pacific and\nenter into our first 12 year term aircraft operating lease.\"\n\nStefan Pichler, Fiji Airways Managing Director and CEO, said: \"The additional new ATR will help to cement the\nmarket leader position of Pacific Sun in the South Pacific.\"\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":2283,"tagName":"div"}]