Avation acquires new aircraft ATR 72-600

4th Jun 2013 12:57

Commercial passenger aircraft leasing company Avation, has acquired an additional ATR 72-600 series aircraft. The company said the aircraft was accepted by Avation on May 31st at ATR's manufacturing facility in Toulouse, France and it was the sixth ATR 72-600 to be added to Avation's fleet overall.The acquisition was financed by the company from its existing cash resources, including senior secured debt provided by an export credit agency, the company added.Avation Executive Chairman, Jeff Chatfield, said: "We are continuing our strategy of rapid fleet expansion. Our overall group fleet now stands at 23 modern commercial passenger aircraft. We are pleased to have a firm delivery pipeline of new aircraft until December 2014 that, based on current orders, will see a fleet increase of 35% by the end of 2014."Avation's share price was unchanged at 64p at 12:09 on Tuesday.MF