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Avation special dividend potential
Plane leasing outfit Avation (AVAP) says it will consider a special dividend if it agrees to sell a portfolio of 22 aircraft. Executive chairman Jeff Chatfield says there is no certainty the ‘highly valuable’ ATR turboprop planes will be sold as talks first revealed in October progress. The company says the aircraft generated unexpired revenue of more than $305m as at 1 November 2016. (TS)