Avation PLC, a company specialising in commercial passenger aircraft leasing, has announced the sale of two ATR 72-600 aircraft to Danish Air Transport (DAT). These aircraft, originally acquired by Avation in 2018, were leased to DAT under agreements that included the option for DAT to purchase them. Recently, DAT exercised these options, and the sales have now been finalised. The transaction was completed at book value, resulting in net cash proceeds of approximately US$10 million after the repayment of related bank loans.
Avation’s Executive Chairman, Jeff Chatfield, expressed satisfaction with the outcome, emphasising the strong relationship with DAT. He noted that the sale aligns with the company’s strategy of maintaining a well-balanced portfolio of regional and modern narrowbody aircraft, which involves phasing out certain older aircraft models.
The sale is part of Avation’s ongoing efforts to optimise its aircraft portfolio, focusing on newer, more efficient models while continuing to strengthen partnerships with key customers such as DAT.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.
