14th Mar 2014 09:31
LONDON (Alliance News) - Avation PLC, the commercial passenger aircraft leasing company, said Friday that it has completed the sale and delivery of a new ATR72-600 aircraft.
Avation said the aircraft will be operated by a start-up airline in Myanmar in Southeast Asia.
No financial details about the transaction were disclosed. However it said that the aircraft was sold at the "prevailing market price", and profits from the sale are "typical of transactions of this nature".
Avation shares were trading at 115.00 pence per share Friday morning, down 0.4%.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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