Avation acquires A320-200 aircraft

Commercial passenger aircraft leasing company Avation has completed the purchase of a A320-200 aircraft which it had previously leased from another aircraft leasing company.

Commercial passenger aircraft leasing company Avation has completed the purchase of a A320-200 aircraft which it had previously leased from another aircraft leasing company.

The aircraft is owned by MSN 429 Leaseco, a new subsidiary of the company which was established for the purpose.

The purchase was completed using the company's existing financial resources.

Avation's fleet now stands at a total of 19 commercial passenger aircraft.

According to the group, it will continue to lease the aircraft to a major Australian regional airline for an extended term of four years.

Commenting today, Jeff Chatfield, Chairman of Avation said: "The purchase of this Airbus A320-200 delivers additional assets to the group and will ensure that the company's revenue position will continue to move in a positive direction."

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021