Business
Further Fleet Expansion
Further Fleet Expansion.
About this update from Avation Plc
[{"type":"text","content":"\n \n\n December 5, 2013\n\n AVATION PLC\n (the \"Company\")\n\n FURTHER FLEET EXPANSION\n\nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is expanding its order book by up to\na further ten aircraft. Avation has already exercised five purchase Options with ATR to purchase an additional\nfive ATR72-600 aircraft for delivery in 2015. The Company has now been granted a further five additional\nPurchase Rights on 'option aircraft' without specific delivery dates.\n\nIt is intended that these five aircraft will be delivered to new and existing leasing customers of the Company.\nThe Company is seeing strong continued demand for this aircraft type, which was important in the Company's\ndecision to exercise the purchase options.\n\nIncluding this new order for aircraft, Avation today has fourteen firm ATR72-600 aircraft to be delivered before\nthe end-2015, ten purchase options and seventeen Purchase Rights. As at today's date, thirteen ATR72 aircraft\nhave already been delivered on lease.\n\nCommenting today, Jeff Chatfield, Chairman of Avation said; \"This order for five additional ATR72-600 aircraft\nand the further acquisition of five additional purchase rights is an important part of our growth program. This\norder is a demonstration of our commitment to grow the Company's portfolio with the most modern, efficient and\nenvironmentally friendly aircraft available.\"\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 \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":2721,"tagName":"div"}]