AVATION PLC — M&A Activity 2016

Nov 29, 2016

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RNS Number : 3690Q

Avation PLC

29 November 2016

AVATION PLC

("Avation" or "the Company")

AIRBUS A321 AIRCRAFT DELIVERED TO VIETJET

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the successful purchase and the completion of delivery of a factory-new Airbus A321-200 aircraft (the "Airbus") to Vietjet Air, the leading domestic and international new-age carrier of Vietnam. This aircraft is an additional new aircraft delivery in a series of aircraft direct from the Airbus production facility in Hamburg, Germany.

The Airbus is equipped with CFM International CFM56-5B3/3 engines and seating for 230 passengers, the highest seat density of an Airbus A321-200. It will be employed by Vietjet on its expanding route network of domestic and international destinations from multiple bases in Vietnam. The aircraft is serial number 7427 and was delivered on schedule. The long term operating lease terms are typical for an aircraft of this type.

-ENDS-

More information on Avation can be seen at: www.avation.net

Enquiries:

Avation Jeff Chatfield, Executive Chairman		T: +65 6252 2077

Notes to Editors:

Avation PLC is a commercial passenger aircraft leasing company, owning and managing a fleet of 39 jet and turboprop aircraft which it leases to airlines across the world. The Company's customers include Vietjet, Thomas Cook, Air France, Condor, Air Berlin, Flybe, Air India, Virgin Australia, Fiji Airways and UNI Air.  

Vietjet Air is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers' demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers.  Currently, the airline boasts a fleet of 41 Airbus A320 and A321 aircraft and operates 35 flights each day. The airline operates 53 routes in Vietnam and across the region to international destinations such as Thailand, Singapore, South Korea, Taiwan, China and Myanmar. It has carried nearly 30 million passengers to date.

www.vietjetair.com

This information is provided by RNS

The company news service from the London Stock Exchange

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