Avation – Singapore-based passenger aircraft leasing firm – Says the lease of ATR72-600 aircraft has been delivered to a new airline customer in the Pacific Region. The lease agreement is for an ATR 72-600 aircraft that was repossessed in August 2022, following the default of an airline in Myanmar. The lease began on March 18.
Chair Jeff Chatfield says: ‘We are pleased to have delivered this aircraft to a new customer. The management remains confident of placing or selling the two remaining unutilised aircraft before 30 June 2023.’
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.