Avation (GB:AVAP) has released an update.
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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.
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