Avation reaches full capacity utilisation with final ATR 72-600 lease deal

Avation PLC has reached full capacity utilization by leasing its last off-lease ATR 72-600 to PNG Air for six years, marking a significant post-pandemic recovery milestone.

The aircraft leasing company’s fleet is now fully employed, allowing it to focus on reducing debt through bond repurchases, considering share buybacks, and planning for organic growth with its low CO2 ATR orderbook.

This move signifies Avation’s confidence in its future operations and financial stability.

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.

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