14th May 2021 11:28
Avation PLC - commercial passenger aircraft leasing company - Sells at current market rates an ATR 72-600 aircraft to another regional aircraft lessor. The aircraft is on lease to the South Asian airline US-Bangla Airlines. No financial details of the deal were disclosed.
"We are pleased to complete this sale transaction on an unencumbered aircraft. The transaction demonstrates that there is demand out there for appropriate assets and the ATR 72 is the best-suited aircraft for the regional market," says Executive Chair Jeff Chatfield.
Current stock price: 109.30 pence, up 0.3% on Friday
Year-to-date change: down 14%
By Evelina Grecenko; [email protected]
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