29 May 2019 07:00
AVATION PLC
("Avation" or "the Company")
ATR CEBU COMMERCIAL FINANCING
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announced on May 24, 2019 that it delivered a new ATR 72-600 turboprop aircraft to Cebu Air, Inc. ("Cebu Pacific") at the manufacturer's facility in Toulouse, France.
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Crédit Agricole Corporate and Investment Bank ("CA CIB") acted as Sole Arranger, Facility Agent and Security Trustee for the commercial financing of this aircraft.
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Avation was advised by K & L Gates while CACIB was advised by Clifford Chance.
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Avation's Executive Chairman, Jeff Chatfield said: "We were pleased to enjoy commercial finance for our 46th aircraft."
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CA CIB's Head of Asian Aviation Group, Laurent Delvart, said: "We are delighted by this additional cooperation between Avation and CA CIB."
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-ENDS-
Enquiries:
Avation Jeff Chatfield, Executive Chairman | T: +65 6252 2077 |
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Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.netÂ
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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.
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