Avation PLC (LSE:AVAP) said the sale of an Airbus A220-300 “demonstrates that the secondary market in the latest technology single-aisle aircraft is robust and active”.
No financial details were provided, though investors were told the sale of the twin-engine jetliner, which is leased to airBaltic, will realise a gain for the company.
Chairman Jeff Chatfield said: "It appears that valuations are improving in this segment for high-quality airline credits such as airBaltic.
“The rationale for the sale, from Avation's perspective, is portfolio management and to increase liquidity."
The transaction is expected to close “during the course of September”.