Avation secures US$85 million portfolio financing facility

Avation PLC

Avation PLC (LON: AVAP), the commercial passenger aircraft leasing company, has advised that it has signed a term sheet with a major international bank for a US$85 million portfolio financing facility. The facility will initially be used for the refinancing of certain existing aircraft in our fleet but will be available and extendable for the financing of additional aircraft subject to certain conditions.

The facility remains subject to documentation being finalised and to the usual conditions precedent for the draw down of funds under the facility.

Avation will make further announcements in due course as this transaction proceeds to expected completion.

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 reports robust trading update, secures B1 rating

Avation has been assigned a first-time B1 Corporate Family Rating and B2 issuer rating by Moody’s, with a stable outlook.

Avation reports strong trading and fleet expansion

Avation has provided a trading update confirming continued fleet growth, strong rent collections, and improved aircraft values. All aircraft remain leased, with new deliveries scheduled through 2028 and further acquisitions under consideration.

Avation signs six-year lease agreement with PNG Air

Avation has signed a new six-year lease with PNG Air for an ATR 72-600 aircraft, currently operated by Mandarin Airlines.

Avation sells second ATR 72-600, unlocks $5m cash

Avation PLC announces a profitable sale of an ATR 72-600 aircraft, enhancing its orderbook and projecting strong market demand in aircraft leasing.

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.

Search

Search