Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased its fourth new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease for the aircraft MSN 55051 commenced on 29 March 2019.

Avation's Executive Chairman, Jeff Chatfield, said: "We have expanded our fleet with a fourth new aircraft delivery to airBaltic. This takes our overall fleet to 43 with a further 13 aircraft on order."