News Column

Avation Raises GBP4.2 Million In Placing

July 3, 2014

Steve McGrath

LONDON (Alliance News) - Aircraft leasing company Avation PLC Thursday said it had raised GBP4.2 million in a share placing, money it will use for pre-delivery payments on new aircraft.

In a statement, the company said it had placed 3 million shares at 140 pence each, or about 5.7% of its enlarged share capital.

Avation shares were flat at 140 pence Thursday morning.

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Source: Alliance News

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