Business
AIRCRAFT LEASE ANNOUNCEMENT
Avation PLC has announced the commencement of a new eight-year lease and delivery of an ATR 72-600 aircraft to ETF Airways, a Croatian airline. This new lease enhances Avation's contracted revenue and diversifies its airline customer base. The company highlights the importance of modern, fuel-efficient aircraft like the ATR 72-600 for regional air travel, which is often driven by essential services less sensitive to fuel price fluctuations. Disclaimer*
About this update from Avation Plc
[{"type":"text","content":"\n\nVia RNS and SGXNET\n\n \nAVATION PLC\n \nAIRCRAFT LEASE ANNOUNCEMENT \n\nAvation PLC (LSE: AVAP) (\"Avation\" or \"the Company\"), the commercial passenger aircraft leasing company, is pleased to announce the commencement of a new lease and delivery of an ATR 72-600 aircraft (MSN 1387) to a new client, ETF Airways, a Croatian airline.\n \nJeff Chatfield, Executive Chairman of Avation PLC, said: \"We are pleased to have completed the transition of this aircraft onto a new long-term, eight-year lease with ETF Airways, enhancing Avation's contracted revenue and airline customer diversification. In these turbulent times, we believe that modern, low-fuel-burn aircraft such as the ATR 72-600 are essential for regional air travel. Regional operations are often driven by essential services - including medical, governmental, and community transport - rather than discretionary leisure travel, which tends to be more sensitive to fluctuations in jet fuel prices.\"\n \n-ENDS-\n \nEnquiries:\nAvation PLC - Jeff Chatfield, Executive Chairman\nTel: +65 6252 2077\n \nAvation welcomes shareholder questions and comments. Please direct enquiries to:\[email protected]\n \nNotes to Editors:\nAvation PLC is a Singapore‑headquartered aircraft leasing company that owns and manages a fleet of commercial passenger aircraft leased to airlines worldwide. Further information is available at www.avation.net.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n","length":3371,"tagName":"div"}]