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.
Crédit Agricole Corporate and Investment Bank ("CA CIB") acted as Sole Arranger, Facility Agent and Security Trustee for the commercial financing of this aircraft.
Avation was advised by K & L Gates while CACIB was advised by Clifford Chance.
Avation's Executive Chairman, Jeff Chatfield said: "We were pleased to enjoy commercial finance for our 46th aircraft."
CA CIB's Head of Asian Aviation Group, Laurent Delvart, said: "We are delighted by this additional cooperation between Avation and CA CIB."
-ENDS-
Enquiries:
Avation Jeff Chatfield, Executive Chairman | T: +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.
Avation (AVAP)