{"id":149619,"date":"2020-05-18T10:40:39","date_gmt":"2020-05-18T10:40:39","guid":{"rendered":"https:\/\/www.bnreport.com\/avation-agrees-six-year-lease-extension-with-asian-flag-carrier\/"},"modified":"2020-05-18T10:40:39","modified_gmt":"2020-05-18T10:40:39","slug":"avation-agrees-six-year-lease-extension-with-asian-flag-carrier","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/avation-agrees-six-year-lease-extension-with-asian-flag-carrier\/","title":{"rendered":"Avation agrees six-year lease extension with Asian flag-carrier"},"content":{"rendered":"

Avation PLC<\/a> (LON:AVAP<\/a>) told investors it has negotiated a six-year lease extension on an Asian flag carrier-operated Boeing 737-800 aircraft.<\/p>\n

The company, in a statement, noted that the rent is at market rate and the new agreement runs to June 2028.<\/p>\n

READ: Avation says it can operate for an extended period amid coronavirus<\/a>[hhmc]
\n<\/h4>\n

"We feel it is prudent in terms of risk mitigation to extend the duration of this lease to the year 2028, given the uncertain near term outlook for mid-life narrow-body commercial passenger aircraft," said chief executive Jeff Chatfield.<\/p>\n

In April, the aircraft leasing firm said it can \u201csuccessfully operate for an extended period greater than a year\u201d as it unveiled a number of measures to support its finances during the coronavirus pandemic.<\/p>\n

The aircraft leasing company said its liquidity position is \u201csatisfactory\u201d with total cash of US$129mln, US$53.9mln of unencumbered assets and US$11.1mln in trade receivables.<\/p>\n

Avation also said there were no aircraft lease expiries before August 2021Read More \u2013 Source<\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

Proactiveinvestors<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

Avation PLC (LON:AVAP) told investors it has negotiated a six-year lease extension on an Asian flag ..<\/p>\n","protected":false},"author":1,"featured_media":149621,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-149619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nAvation agrees six-year lease extension with Asian flag-carrier - Business News Report<\/title>\n<meta name=\"description\" content=\"Avation PLC (LON:AVAP) told investors it has negotiated a six-year lease extension on an Asian flag ..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/avation-agrees-six-year-lease-extension-with-asian-flag-carrier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avation agrees six-year lease extension with Asian flag-carrier - 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