- Commercial passenger aircraft leasing company Avation said it had signed leases with airBaltic for the supply of two Bombardier CS300 aircraft for durations of 12 years each.

The Latvian airline's fleet consisted of 31 aircraft and the company was moving towards a single-type fleet with the progressive introduction of up to 80 units of CS300 aircraft.

'The company is pleased to welcome airBaltic as a addition to its airline client base,' executive chairman Jeff Chatfield said.

'The company seeks long-term leases and these two 12-year leases align with our strategy.'

At 2:30pm: [LON:AVAP] Avation Plc share price was +2p at 217.5p

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