Avation PLC THREE ATR LEASES SIGNED (7379I)
August 16 2021 - 2:24AM
UK Regulatory
TIDMAVAP
RNS Number : 7379I
Avation PLC
16 August 2021
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
THREE ATR LEASES SIGNED
Avation PLC (AVAP: LSE), the commercial passenger aircraft
leasing company announces that it has signed new five-year leases
for three ATR 72-500 aircraft with the Australian airline Hevilift.
Two of the new leases are follow-on leases for aircraft that are
already operating with Hevilift and the third is a new lease. The
first of the three leases commenced the 10(th) of August.
These aircraft are all former Virgin Australia aircraft that the
company has been remarketing since Virgin Australia entered
administration and returned the aircraft to Avation. Virgin
Australia returned six ATR 72-500 aircraft to Avation of which five
have now been leased or sold.
Avation's Executive Chairman, Jeff Chatfield said: "We are
pleased to sign these long-term leases with Hevilift, an existing
and valued customer. We are starting to observe a recovery in the
air travel industry, notably in the regional sector where the ATR
72 is the optimal aircraft."
ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
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 .
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END
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