Avation closes turboprop sale

Avation closes turboprop sale

Commercial aircraft lessor Avation has closed the sale six ATR72-600s to Chorus Aviation Capital.

The sale and purchase agreement released around $31 million in net proceeds to the lessor after costs and debt repayments. The company is considering using the proceeds to fund the acquisition of more aircraft.

With this sale, Avation now has 35 aircraft in operation, including 13 ATR72-600s and eight ATR72-500s.

 

Alex Baldwin
By Alex Baldwin July 4, 2017 12:28