Avation PLC - London-based aircraft leasing company - Enters into new lease for an ATR72-600 for delivery to an existing Asian client airline by March 2021. Notes lease is for eight years and is at current market rates.
"We anticipate that on recovery from the Covid-19 pandemic that regional travel will improve extremely rapidly, and that ATR aircraft represents the ideal solution for short duration sub 100 seat routes," says Chair Jeff Chatfield.
Current stock price: 94.30 pence
Year-to-date change: down 26%
By Ife Taiwo; ifetaiwo@alliancenews.com
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Avation (AVAP)