Avation: Jet Transaction Completion

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has completed the sale of one two-year old Airbus A321 aircraft to an Asian buyer as announced on the 3rd of October 2018.

Jeff Chatfield, Executive Chairman, commented: “We sold this aircraft for risk management, credit rating and portfolio diversification reasons. The sale was conducted in line with market conditions, at a price around current market value (“CMV”), albeit that Avation’s book value for the aircraft is materially lower than CMV.”