AVATION PLC — Capital/Financing Update 2020

Jan 16, 2020

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0008A

Avation PLC

16 January 2020

Via RNS and SGXNET  

AVATION PLC

("Avation" or "the Company")

SECOND ATR 72-600 DELIVERY TO BRAATHENS

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce that it has delivered the second in a series of five new ATR 72-600 turboprop aircraft to Braathens Regional Airways AB. ("Braathens") from the manufacturer's facility in Toulouse, France.

As with the first delivery to Braathens, this second delivery was financed with a "Green Loan" provided by Deutsche Bank. Vigeo Eiris, one of the world's leading institutions for Environmental, Social and Governance ("ESG") ratings, has expressed an opinion that the project of replacing aging regional jets with new ATR 72-600 aircraft is aligned with the Loan Market Association's Green Loan Principles guidelines 2018. In their opinion Vigeo Eiris stated "We express a reasonable assurance (our highest level of assurance) on the Borrower's commitments and on the Loan's contribution to sustainability."

Avation's Executive Chairman, Jeff Chatfield said: "Avation is pleased to complete this delivery of a second aircraft to Braathens.  We are also pleased that this aircraft was again financed via our Green Loan initiative."

- ENDS -

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman                                      +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net 

Notes to Editors:

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world.

More information on Avation is available at www.avation.net.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

AGRBFMATMTJBMIM