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Avation Leases Fourth ATR 72-600 Aircraft To Flybe

Mon, 21st Mar 2016 08:14

LONDON (Alliance News) - Commercial passenger aircraft lessor Avation PLC on Monday said it has delivered a fourth ATR 72-600 aircraft to UK regional airline Flybe Group PLC.

The aircraft will be operated by Flybe on behalf of Scandinavian Airlines under a wet lease operational contract arrangement.

The lease duration is six years with an extension option.

Shares in Avation were trading up 0.8% at 131.50 pence on Monday morning, while Flybe shares were up 2.3% at 64.46p.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

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