The commercial passenger aircraft leasing company Avation PLC (AVAP) has announced that it has agreed to acquire one Airbus A330-300. The company has entered into a conditional agreement with another lessor to purchase the aircraft currently on long-term lease to EVA Air of Taiwan.

“ The acquisition of this aircraft has been agreed at market rate and is expected to be completed by the end of the fourth quarter of 2017, ” the company states in a press release. 

The aircraft is approximately 23 months old. The purchase of it is a subject to customary closing conditions including amongst other things regulatory approval of the Taiwan Civil Aviation Authority.

“ With the acquisition of this second twin-aisle aircraft, Avation will have progressed on our 11 year evolution from narrowbody jet lessor into a full-service commercial aircraft lessor with turboprop, regional jet, narrowbody jet and twin-aisle aircraft in its fleet along with a suitably qualified management team,” said executive of chairman Aviation PLC Jeff Chatfield.