Refinancing Of Aircraft
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Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has successfully refinanced four leased aircraft. The four aircraft, a mixture of Airbus A320 and ATR turboprop aircraft, have been refinanced under a loan facility for a portfolio of aircraft provided by Investec Bank Plc. The interest rate on the loans has been fixed at drawdown and the loans mature between May 2026 and November 2027.
Executive Chairman, Jeff Chatfield, said:
"We are pleased to complete this refinancing in the ordinary course of business with a leading bank. Our view is the bank market remains constructive for routine aircraft finance transactions."
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