19th Sep 2014 07:07
LONDON (Alliance News) - Avation PLC Friday said it has purchased and taken delivery of another ATR 72-600 aircraft from its manufacturer.
The aircraft is leased to an unnamed European airline for a period of ten years, Avation said.
"Consistent with our strategy of diversifying the customer base and geography for our leased aircraft we are pleased to announce this new delivery to a European airline," Chairman Jeff Chatfield said in a statement. "This delivery continues the growth of the company's portfolio and will make a positive contribution to revenues and profitability."
The company said not outline the financial terms of the deal.
Avation shares were quoted up 2.2% at 161.00 pence Friday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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