3rd Sep 2015 07:55
LONDON (Alliance News) - Capital Lease Aviation PLC shares fell on Thursday after it said it has made a loss on the sale of an old Airbus A320 plane for parts after it reached the end of its economic life.
Capital Lease Aviation shares were down 4.2% to 23.0 pence per share on Thursday.
The commercial passenger aircraft leasing company said it sold the plane by way of a part out for over USD5.1 million, which has been earmarked for future aircraft purchases, but said it booked an overall USD1.2 million loss on the proceeds after a tax write-back.
By Joshua Warner; [email protected]; @JoshAlliance
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