RESPONSE TO ANALYST QUESTIONS FROM INVESTOR CALL

RNS Number : 6002N
Avation PLC
30 September 2021
 

Via RNS and SGXNET

 

AVATION PLC

("Avation" or "the Company")

 

RESPONSE TO ANALYST QUESTIONS FROM INVESTOR UPDATE CALL

 

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises in response to analyst questions at its Investor Update Call of the 30 Sept 2021 certain business developments. The Company can advise that it has entered into a Letter of Intent to transition an Airbus A320 from Air France to another European airline at the conclusion of its current lease during October 2021. Furthermore, the Company advises that it has entered into another Letter of Intent to sell three of the remaining Virgin Australia ATR72-600 aircraft to another European airline for cash, which transaction is expected to close during Q4 of calendar year 2021. Both of these transactions are subject to definitive documentation and typical closing mechanics. In due course, the Company will announce material developments concerning these transactions at the appropriate times.

 

ENDS -

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman  +65 6252 2077

 

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

Notes to Editors:

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world.

More information on Avation is available at www.avation.net .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STREADNEDLFFEFA

Companies

Avation (AVAP)
UK 100

Latest directors dealings