Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
NEW AIRLINE LEASE AGREEMENT
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce the signing of an eight-year lease agreement with a European ACMI provider for an eight-year-old ATR 72-600 aircraft.
The aircraft is scheduled to be transitioned in February 2026 following the end of its current lease.
Jeff Chatfield, Executive Chairman of Avation PLC, said: "We are pleased to have placed this aircraft on a long-term, eight-year lease with a new customer, improving Avation's contracted revenue and airline diversification."
-ENDS-
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises the email address for questions is: [email protected] and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 6252 2077.
Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net.