Business
OPERATIONAL UPDATE
OPERATIONAL UPDATE.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 7278Q Avation PLC 14 September 2017 \n\nAVATION PLC\n(\"Avation\" or \"the Company\")\nOPERATIONAL UPDATE\n \nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company is pleased to announce it has signed multiple long term leases with two airlines for four aircraft.\n \nIn response to an analyst question, Avation confirms that it has signed a new lease for a mid life Airbus A321 which will commence on expiry of its existing lease in mid 2018. The aircraft will transition to another European Airline for a term of 72 months at typical commercial rates for a mid life aircraft. \n \nFurthermore in respect to the Letter of Intent for three aircraft announced on the 19 July 2017 the long term leases have now been signed. The three aircraft are currently undergoing final configuration and are scheduled to be delivered toward the end of Q4 of 2017.\n \n \n-ENDS-\nMore information on Avation can be seen at: www.avation.net\nEnquiries: \n\n\n\n\nAvation\nJeff Chatfield, Executive Chairman\n\n\n\n\n\nT: +65 6252 2077\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors: \nAvation PLC\nAvation PLC is a commercial passenger aircraft leasing company, owning and managing a fleet of jet and turboprop aircraft which it leases to airlines across the world. The Company's customers include Air France, Air India, Condor, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, UNI Air, Mandarin Airlines and VietJet Air.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END UPDEAKNLFDDXEEF\n ","length":3322,"tagName":"div"}]