Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that it has established the foundation for its regional aircraft strategy for the next ten years, by both exercising purchase rights for ten new ATR aircraft; extending the maturity of residual purchase rights to 2034 and taking receipt of a further six purchase rights at accretive commercial terms. ATR are the world’s number one regional aircraft manufacturer with the best-selling, latest technology, sustainable aviation fuel ready, low CO2 emissions aircraft in the less than 90-seat market segment.
HIGHLIGHTS:
i. Avation already has two new ATR 72 aircraft on order pursuant to the exercise of optional purchase rights;
ii. Avation has exercised purchase rights for ten additional ATR 72 aircraft for delivery between the last quarter of 2025 and the first quarter of 2028. All aircraft are expected to be 100% SAF compatible;