General Announcement::Boeing 737-800 NG Acquisition

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
AVATIONCAP US$50M6.5%210515RT - USL56473AB41 - PHMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-May-2019 08:26:52
Status
New
Announcement Sub Title
Boeing 737-800 NG Acquisition
Announcement Reference
SG190527OTHR8IRH
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 (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce that, further to the announcement made on 28 March 2019, it has completed the acquisition of a Boeing 737-800 NG aircraft from another lessor. The aircraft, which is approximately 9 years old, is on lease to Garuda Indonesia.

Avation's Executive Chairman, Jeff Chatfield said: "We are very pleased to complete this previously announced transaction to acquire our first Boeing 737-800 NG aircraft. This delivery takes our total fleet to 47 aircraft and further diversifies our customer list to 17 airlines in 13 countries. We believe that the successful and popular Boeing 737-800 NG is an excellent aircraft type which has a strong residual value outlook."