Business
LEASE OF ATR 72-500 AIRCRAFT
LEASE OF ATR 72-500 AIRCRAFT.
About this update from Avation Plc
[{"type":"text","content":"\n \n \n \n Via RNS and SGXNET\n \n \n \n \n AVATION PLC\n \n \n \n \n (\"Avation\" or \"the Company\")\n \n \n \n \n \n \n \n LEASE OF ATR 72-500\n \n \n AIRCRAFT\n \n \n \n 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.\n \n \n Avation's Executive Chairman, Jeff Chatfield said: \"\n 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.\"\n \n \n \n \n \n \n -ENDS\n \n -\n \n \n \n Enquiries:\n \n \n \n Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077\n \n \n Avation welcomes shareholder questions and comments and advises the email address is: [email protected]\n \n \n \n Notes to Editors:\n \n 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.\n \n \n \n \n \n \n \n \n ","length":2939,"tagName":"div"}]