3rd Jan 2019 11:10
LONDON (Alliance News) - Aircraft leasing firm Avation PLC on Thursday said it has ordered a further eight ATR 72-600 aircraft for the next three years.
The deal, with French firm ATR, will see the latter deliver the aircraft between 2020 and 2022.
Avation Executive Chairman Jeff Chatfield said: "This order for eight additional aircraft extends Avation's order book and firm delivery horizon and continues the business growth in regional turboprops out to 2022.
"In addition to this order, the company has maintained its purchase rights and price protection over a further 25 aircraft extending to December 2025," he added.
"We equally confirm our willingness to potentially convert some of our orders and or options to the freighter version which we foresee to have a positive outlook."
Chatfield added the firm believes the demand for ATR 72-600 aircraft remains strong, with the company "satisfactorily" positioned going ahead.
Shares were 2.9% higher Thursday at a price of 265.00 pence each.
Related Shares:
Avation