Avation PLC – Singapore-based passenger aircraft leasing firm – Enters new operating lease for an Airbus A320 aircraft with Philippines low-cost carrier, Cebu Pacific. The market rate lease is for a term of four years and is on Avation’s typical lease terms.
The aircraft is currently being returned by the previous operator and is scheduled for delivery to Cebu Pacific in December 2023, following scheduled periodic maintenance checks.
‘Once the aircraft is delivered in December 2023 this lease will positively impact our fleet metrics,’ Executive Chair, Jeff Chatfield says.
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.
