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Avation To Sell Airbus A220-300 Aircraft

Avation PLC (AVAP.L), the commercial passenger aircraft leasing company, said that it has entered into an agreement for the sale, at a price that realizes a gain, of an Airbus A220-300 aircraft, which is currently on lease to Latvian carrier airBaltic. It is one of six aircraft which Avation currently owns and leases to the airline.

The transaction is expected to close during the course of September.

Avation's Executive Chairman, Jeff Chatfield said the transaction demonstrated that the secondary market in the latest technology single aisle aircraft is robust and active.

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