Avation PLC, a commercial passenger aircraft leasing company, has recently secured a new operating lease for an Airbus A320 aircraft with Philippines low-cost carrier, Cebu Pacific.
The leased narrowbody A320 is to be released to the carrier later this year on a four-year term.
Avation’s new market-rate lease agreement spans a four-year term with the Phillipines major low-cost airline.
This lease agreement adheres to Avation’s typical lease terms, ensuring a harmonious and mutually beneficial partnership between the lessor and lessee.
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.
