Avation PLC, the commercial passenger aircraft leasing company, is pleased to announce that it has completed the purchase of a A320-200 which it had previously leased from another aircraft leasing company. The Aircraft is owned by MSN 429 Leaseco, a new subsidiary of the Company established for the purpose. The purchase was completed using the Company’s existing financial resources.
Avation’s fleet now stands at a total of nineteen commercial passenger aircraft.
The Company will continue to lease the Aircraft to a major Australian regional airline for an extended term of four years. Commenting today, Jeff Chatfield, Chairman of Avation Plc said: “The purchase of this Airbus A320-200 delivers additional assets to the group and will ensure that the Company’s revenue position will continue to move in a positive direction”.