Business
Third Flybe Aircraft Delivered
Third Flybe Aircraft Delivered.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 2342K Avation PLC 28 December 2015 \n\n28 December 2015\nLSE: AVAP\n \nAVATION PLC\n(\"Avation\" or \"the Company\")\n \nThird Flybe Aircraft Delivered\n \nAvation PLC (LSE: AVAP), the commercial passenger aircraft lessor, announces the acquisition and delivery of a third new ATR 72-600 aircraft to Flybe Group PLC (\"Flybe\"), the UK commercial airline, as part of a wider programme of deliveries to Flybe. The duration and lease rate on this aircraft is typical for aircraft of this type.\n \nThe aircraft is operated by Flybe for Scandinavian Airlines (\"SAS\") under a wet lease operational contract arrangement termed the \"white label\" project and accordingly will fly in the livery of SAS. \n \nThis aircraft is the 26th ATR 72 aircraft that the Company has purchased since 2011. Management believes that the Company will deliver a total of four new ATR 72-600 aircraft in calendar year 2016. Avation is the second largest lessor of ATR aircraft globally, as measured by number of aircraft ordered, and the Company is one of a small number of aircraft lessors which have both a sales contract and option positions with ATR. \n \nJeff Chatfield, Avation's Executive Chairman, said: \n\"We are pleased to be able to deliver this third new ATR 72-600 aircraft to Flybe for operation in Scandinavia for SAS. The delivery is part of a programme with Flybe which continues into 2016. We believe the ATR 72 is the most efficient aircraft type for regional routes, resulting from its low fuel consumption and overall the lowest operating costs in its class.\n\"Looking ahead, we expect Avation to deliver a total of four new ATR 72-600s in calendar year 2016, a number that is in line with Avation's present view of market conditions. The Company has purchase rights and options extending to the year 2023. Avation is one of only a small number of aircraft lessors that have both a sales contract and options position with ATR for the ATR 72 aircraft.\"\n \n- ENDS -\n \n\n\n\n\nAvation PLC (www.avation.net)\n\n\n\n\n\n\n\n\n\n\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\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors: \nAvation PLC\nAvation PLC is a specialist commercial passenger aircraft leasing company owning and managing ...