AVAP Avation Plc

TIDMAVAP TIDMAVAW

RNS Number : 4023Y

Avation PLC

06 September 2022

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

LEASE OF ATR 72-500 AIRCRAFT

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that it has completed the delivery of one ATR 72-500 to Yeti Airlines on operating lease. Yeti Airlines is a new customer for Avation and Nepal is a new jurisdiction for Avation. This unencumbered aircraft is the Company's final ex Virgin Australia ATR 72-500.

Avation's Executive Chairman, Jeff Chatfield said: " We are pleased to establish an operating lease transaction with Yeti Airlines on our last available ATR 72-500 aircraft. We are observing recovery in the air travel industry, notably in the regional sector where the ATR 72 is the best-suited 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) Dow Jones Newswires

September 06, 2022 02:44 ET (06:44 GMT)

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