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SIXTH AIRBUS A220-300 DELIVERY TO AIRBALTIC
SIXTH AIRBUS A220-300 DELIVERY TO AIRBALTIC.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 2579Z Avation PLC 16 May 2019 \n\nAVATION PLC\n(\"Avation\" or \"the Company\")\nSIXTH AIRBUS A220-300 DELIVERY TO AIRBALTIC\nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased its sixth new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease for the aircraft MSN 55053 commenced on 15 May 2019. This is the last in the series of aircraft contracted by the Company with airBaltic.\n \nThe Airbus A220-300 was specifically designed and purpose-built for the 130-160 seat market. Airbus states that the A220-300's advanced aerodynamics combined with specifically designed Pratt & Whitney PurePower PW1500G geared turbofan engines contribute to an aircraft that delivers 20% lower fuel burn per seat than previous generation aircraft, with half the noise footprint, and decreased emissions.\n \nAvation's Executive Chairman, Jeff Chatfield, said: \"We are pleased to take delivery of our sixth latest technology A220-300 aircraft for our customer airBaltic. This latest addition to our fleet is the last in the current series of sale and leaseback transactions agreed with airBaltic. This aircraft grows our overall fleet to 45 commercial passenger aircraft with a further 13 on order out to the year 2022.\"\n \n \n \n \n-ENDS-\nEnquiries: \n\n\n\nAvation\nJeff Chatfield, Executive Chairman\n\n\n\n\n\nT: +65 6252 2077\n\n\n\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 international airlines. \nMore information on Avation is available at www.avation.net.\n \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 ACQLIFVTERIRLIA\n ","length":4205,"tagName":"div"}]