Avation PLC sells two ATR 72-600 aircraft to Danish Air Transport

Avation ATR

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that it has sold two ATR 72-600 aircraft to Danish Air Transport.

The two aircraft were acquired in 2018 and leased to DAT on leases which included purchase options.  DAT notified the company of its intention to exercise the purchase options for both aircraft and the sales of the two aircraft have now been concluded. This transaction is at book value and releases net cash proceeds, after repayment of associated bank loans, of about $10 million.  

Avation’s Executive Chairman, Jeff Chatfield, said: “We are pleased to have successfully concluded these aircraft sales to our longstanding customer DAT. The Company’s strategy is to own a balanced portfolio of regional and modern commercial narrowbody aircraft, exiting these two ATR aircraft is aligned with that strategy.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Avation signs six-year lease agreement with Colombian airline Clic Air

Avation PLC has signed a six-year lease with Colombian airline Clic Air for an ATR 72-600, marking a significant expansion into the South American market.

Avation completes Airbus A320 acquisition on long-term lease to Etihad Airlines

Avation PLC has successfully acquired an Airbus A320 on long-term lease to Etihad Airlines, expanding its fleet to 33 aircraft and enhancing customer diversity.

Three Exclusive CEO Video Interviews in March on Important Breaking News You May Have Missed

CEO Interviews providing valuable insights into their companies' latest financial results, strategic moves, and future outlooks

Avation generates improved revenue, EBITDA and operating profit in half year results

Avation PLC announces strong financial growth, unveils new Airbus A320 acquisition set to diversify its fleet with high-credit airline Etihad.

Avation signs $85 million expandable portfolio financing facility

Avation Plc secures an $85M portfolio financing facility, enhancing cash flow and financial strength by refinancing aircraft with future flexibility.

Avation to publish Interim Results on 25th February 2025

Avation Plc (LON:AVAP) announces upcoming interim results release and investor call for February 25, 2025, detailing six-month performance.

Search

Search