3rd May 2016 07:44
LONDON (Alliance News) - Avation PLC on Tuesday said it has delivered a series of new aircraft in 2016, with a further aircraft scheduled for delivery in May.
The commercial passenger aircraft leasing company said it now has 38 aircraft in its fleet, with a weighted average age of 4.4 years and weighted average remaining lease term of 6.4 years.
The average appraised valuation of the aircraft fleet is USD705.7 million, with remaining rental income totalling USD530.8 million.
"Excluding trading activities, the theoretical total fleet size if all options were exercised and letters of intent completed is 80 aircraft," Executive Chairman Jeff Chatfield said in a statement.
Shares in Avation were trading up 0.9% at 142.75 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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