30th Aug 2024 22:02
Avation PLC - Singapore-based commercial passenger aircraft leasing firm - Sells two ATR 72-600 aircraft to Danish Air Transport. Says the sale is at book value and releases net cash proceeds of around USD10 million. Avation Executive Chair Jeff Chatfield says: "We are pleased to have successfully concluded these aircraft sales to our longstanding customer DAT. The company's strategy is to own a balanced portfolio of regional and modern commercial narrowbody aircraft, exiting these two ATR aircraft is aligned with that strategy."
Current stock price: 133.00 pence per share, closed 0.8% lower on Friday in London
12-month change: up 29%
By Tom Budszus, Alliance News slot editor
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