Avation sells ATR 72-600 aircraft to Caribbean airline, boosting cash flow

Avation PLC (LON: AVAP), the commercial passenger aircraft leasing company, has announced the concurrent delivery and sale of a new ATR 72-600 aircraft. This aircraft is new ex-factory Toulouse and is the first of a series of two sold to an airline in the Caribbean region.  The profitable sale of this aircraft releases around US$5 million in cash which will primarily be reinvested into pre-delivery payment instalments for the Company’s order for ten ATR 72-600 aircraft which was announced in May 2024. 

Jeff Chatfield, Executive Chairman of Avation PLC, said: “The Company is pleased to have closed this profitable sale, which is a further demonstration of the continued strength in the market for ATR turboprop aircraft. Avation is primarily an aircraft operating lessor but was willing to sell this aircraft, in this instance, due to the attractive economics of the transaction.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Avation plc

More articles like this

Avation plc

Driving sustainability and innovation in European aviation

The European aviation industry is facing a shortage of sustainable aviation fuel (SAF), hindering decarbonization efforts. Learn more about solutions and challenges in this sector. #EuropeAviation #SustainableFuel #ClimateAction

Avation plc

Avation secures US$85 million portfolio financing facility

Avation PLC (LON: AVAP), the commercial passenger aircraft leasing company, has advised that it has signed a term sheet with a major international bank for a US$85 million portfolio financing facility. The facility will initially be used

Avation plc

Women in Aviation: Pioneers and Trailblazers

Since the early days of powered flight, women have taken to the skies, but their achievements have often gone unrecognised. While names like Amy Johnson, who was the first woman to fly solo from the UK

Avation plc

Avation Plc signs long-term lease agreement with JCAS Airways

Avation PLC, a commercial passenger aircraft leasing company based in Singapore, has recently finalised a twelve-year lease agreement with Tokyo-based airline JCAS Airways Co Ltd. This agreement covers a new ATR 72-600 aircraft, marking the first

Avation plc

Airbus partners with the Philippines for SAF feasibility study

Airbus, in collaboration with the Philippine government, has launched a series of feasibility studies focusing on sustainable aviation fuels (SAF) in the country. This initiative was revealed during the Philippines Aviation Summit held in Manila on

Avation plc

Sustainable Aviation Fuel: A key to greener skies

The airline industry is increasingly embracing sustainable aviation fuel (SAF) as a critical solution in the quest for decarbonisation. SAF represents a renewable energy source with far lower carbon emissions compared to traditional fossil fuels, contributing

Avation plc

Regional aviation connecting America’s remote communities

In the United States, regional air services play a critical role in linking rural and remote communities to the wider world, ensuring access to economic opportunities, education, healthcare, and social connections. While major cities benefit from

Avation plc

Avation Plc to publish FY results on 26 September 2024

Avation PLC (LON: AVAP), the commercial passenger aircraft leasing company will publish results for the financial year ended 30 June 2024 at 7am BST (UK) on 26 September 2024.x Avation welcomes shareholder questions and comments and advises