Business
JET TRANSACTION COMPLETION
JET TRANSACTION COMPLETION.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 5437L Avation PLC 27 December 2018 \n\nAVATION PLC\n(\"AVAP\" or \"the Company\")\n \nJET TRANSACTION COMPLETION\nAvation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has completed the sale of one two-year old Airbus A321 aircraft to an Asian buyer as announced on the 3rd of October 2018. \nJeff Chatfield, Executive Chairman, commented: \"We sold this aircraft for risk management, credit rating and portfolio diversification reasons. The sale was conducted in line with market conditions, at a price around current market value (\"CMV\"), albeit that Avation's book value for the aircraft is materially lower than CMV.\" \n-ENDS-\n \nMore information on Avation can be seen at: www.avation.net\n \nEnquiries:\n \nAvation PLC - Jeff Chatfield Executive Chairman +65 6252 2077\n \nNotes to Editors: \nAvation PLC (AVAP: LSE) is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to international airlines across the globe. \nMore information on Avation is available at www.avation.net.\n \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 DISKMMZZRNNGRZG\n ","length":3037,"tagName":"div"}]