Avation is a lessor of 39 commercial passenger aircraft to sixteen airlines. This morning, the group has reported that it has refinanced two leased Airbus A220-300 aircraft, which had previously been financed through its floating rate warehouse facility. The loans total c.$43.7m and have been refinanced at a lower rate with 8.5 year fixed rate term loans from a major Japanese bank, the first time Avation has secured funding from a financial institution in this country. The 8.5 year term is match ....
14 Nov 2022
WH Ireland: Avation (AVAP) - Refinancing of aircraft from warehouse facility
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WH Ireland: Avation (AVAP) - Refinancing of aircraft from warehouse facility
Avation PLC (AVAP:LON) | 108 0.5 0.5% | Mkt Cap: 76.5m
- Published:
14 Nov 2022 -
Author:
John Cummins | Charlie Cullen -
Pages:
4
Avation is a lessor of 39 commercial passenger aircraft to sixteen airlines. This morning, the group has reported that it has refinanced two leased Airbus A220-300 aircraft, which had previously been financed through its floating rate warehouse facility. The loans total c.$43.7m and have been refinanced at a lower rate with 8.5 year fixed rate term loans from a major Japanese bank, the first time Avation has secured funding from a financial institution in this country. The 8.5 year term is match ....