Avation sells two new ATR 72-600 from orderbook

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announce that it has entered into a sale and purchase agreement with an airline client for its next two new ATR 72-600 deliveries from the manufacturer, following an earlier exercise of purchase rights under Avation’s long-term aircraft purchase contract with ATR.

The sale of these aircraft is subject to customary conditions precedent and will complete on the day of delivery of the aircraft from ATR which is scheduled in Q4 of 2024 and Q1 of 2025, with Avation having received two cash deposits from the airline.

Following this transaction, Avation will be left with ten ATR 72-600 aircraft on order for delivery from ATR between the last quarter of 2025 and 2028 and purchase rights for a further 24 aircraft with an extended expiry date of June 2034.

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

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

Avation plc

Avation Plc completes sale of two ATR 72-600 aircraft to DAT

Avation PLC, a company specialising in commercial passenger aircraft leasing, has announced the sale of two ATR 72-600 aircraft to Danish Air Transport (DAT). These aircraft, originally acquired by Avation in 2018, were leased to DAT

Avation plc

Air Corsica strengthens fleet with ATR 72-600 delivery

Air Corsica has celebrated a significant milestone with the delivery of its ATR 72-600 aircraft, marking the 1,700th delivery for ATR Aircraft. This delivery completes Air Corsica’s transition from the ATR -500 series to the latest

Avation plc

Avation renewes membership of Singapore’s Aircraft Leasing Scheme

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that its main operating subsidiaries have been granted a further five year tax incentive in Singapore under the Aircraft Leasing Scheme. Avation’s headquarters are in Singapore