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MRO NEWS
Avation PLC selles two ATR Aleasing entity, has announced the divesti-
vation PLC, a commercial passenger aircraft
aircraft for $10m to DAT ture of two ATR 72-600 aircraft to Danish Air
Transport (“DAT”). These aircraft were acquired
by Avation PLC in 2018 and previously leased
The Avation PLC’s strategy is to own a balanced portfolio of to DAT under agreements that included pur-
regional and modern commercial narrowbody aircraft. chase options. DAT has exercised these options,
resulting in the finalization of the sales.
The transaction was executed at book value,
resulting in net cash proceeds of approximately
$10 million, after the repayment of associated
bank loans.
Executive Chairman, Jeff Chatfield,Avation PLC
said, “We are pleased to have successfully con-
cluded these aircraft sales to our longstanding
customer DAT. The Company’s strategy is to own
a balanced portfolio of regional and modern
commercial narrowbody aircraft, exiting these
two ATR aircraft is aligned with that strategy.”
This sale aligns with Avation PLC’s strategic
objective to maintain a balanced portfolio of
regional and modern commercial narrowbody
aircraft, as part of its broader asset management
strategy
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