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Avation delivers second in a series of five new ATR 72-600 turboprop aircraft to Braathens Regional Airways

As with the first delivery to Braathens, this second delivery was financed with a "Green Loan" provided by Deutsche Bank

Avation PLC -
ATR 72-600 turboprop aircraft

Avation PLC (LON:AVAP) has announced that it has delivered the second in a series of five new ATR 72-600 turboprop aircraft to Braathens Regional Airways AB from the manufacturer's facility in Toulouse, France.

The commercial passenger aircraft leasing company said that, as with the first delivery to Braathens, this second delivery was financed with a "Green Loan" provided by Deutsche Bank.

READ: Avation delivers second of two Airbus A321 aircraft to Vietjet Air under a long term operating lease

It also noted that Vigeo Eiris, one of the world's leading institutions for Environmental, Social and Governance ratings, has expressed an opinion that the project of replacing aging regional jets with new ATR 72-600 aircraft is aligned with the Loan Market Association's Green Loan Principles guidelines 2018.

In their opinion, Vigeo Eiris stated: "We express a reasonable assurance (our highest level of assurance) on the Borrower's commitments and on the Loan's contribution to sustainability."

Avation's executive chairman, Jeff Chatfield commented: "Avation is pleased to complete this delivery of a second aircraft to Braathens.  We are also pleased that this aircraft was again financed via our Green Loan initiative."

Quick facts: Avation PLC

Price: 121.5 GBX

LSE:AVAP
Market: LSE
Market Cap: £76.14 m
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