General Announcement::Avation PLC Leases Two ATR 72-600 Aircraft to Danish Air Transport A/S

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Aug-2018 12:04:19
Status
New
Announcement Sub Title
Avation PLC Leases Two ATR 72-600 Aircraft to Danish Air Transport A/S
Announcement Reference
SG180817OTHRBIHO
Submitted By (Co./ Ind. Name)
Duncan Scott
Designation
Group General Counsel
Description (Please provide a detailed description of the event in the box below)
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has signed leases with Danish Air Transport A/S ( DAT ) for the supply of two new ATR 72-600 aircraft. The aircraft will be delivered to Toulouse, France in September and October this year. The leases are 12 years.

DAT is a Danish airline operating scheduled and charter services which, together with its Lithuanian sister company DOT LT, operates a fleet of 23 aircraft.

Jeff Chatfield, Executive Chairman, said: "The Company is pleased to welcome DAT as an addition to the Company's airline client base. DAT is a highly respected operator in Europe. The Company continually seeks long-term leases and these two 12-year leases align with our strategy. Lease payments for the aircraft are denominated in Euros. Avation has secured matching Euro financing for the aircraft to mitigate currency exposure. The addition of DAT is also a further step in the strategy of the Company to diversify its customer portfolio."

Captain Jesper Rungholm, President of DAT said: "We are impressed with Avation PLC and are delighted to welcome them as a valued business partner. We look forward to the introduction of these two new ATR 72-600 aircraft, which will allow DAT to strengthen its fleet and to offer an improved, modern product to our customers."

Attachments

AVAP_RNS_Avation_leases_2_ATR72-600_aircraft_to_danish_air_transport_AS_15Aug18.pdf
Total size =514K