Avation PLC releases first-half​ 2019 trading update

Avation PLC has released its latest trading update for the first half of 2019. Following the liquidation of Thomas Cook in September, Avation issued default notices and successfully repossessed two Airbus A321- 200 aircraft. The aircraft were then submitted for calendar airframe maintenance checks and marketed to airlines as available for lease. Subsequently, Avation has signed a letter of intent to lease both aircraft to an existing customer on long-term leases expected to commence in December 2019. As a result of the re-positioning of the aircraft and taking into account the security deposits forfeited by Thomas Cook the impact on lease