Avation (GB:AVAP) has released an update.
Avation PLC, a commercial aircraft leasing company, has completed the sale of two ATR 72-600 aircraft to Danish Air Transport, with the transaction generating net cash proceeds of approximately $10 million after loan repayments. The sale aligns with Avation’s strategic focus on maintaining a balanced portfolio of regional and modern commercial narrowbody aircraft. Avation’s Executive Chairman, Jeff Chatfield, expressed satisfaction with the deal, emphasizing its fit with the company’s portfolio strategy.
For further insights into GB:AVAP stock, check out TipRanks’ Stock Analysis page.
