Avation secures new airline lessee

2nd Apr 2014 09:13

Commercial passenger aircraft group Avation announced it has secured a new airline lessee.The company has entered into agreements for the lease of aircraft with UNI Airways Corporation, the largest regional domestic airline of Taiwan.The contract is for the lease of two new ATR 72-600 to be delivered in the third quarter of 2014. The leases produce typical commercial net returns for the lease of such aircraft.As of 09:35 the share price had risen 0.95% to 106p.WS