Via RNS and SGXNET
AVATION PLC AIRCRAFT LEASE ANNOUNCEMENT
Avation 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.
Jeff 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."
-ENDS-
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman
Tel: +65 6252 2077
Avation welcomes shareholder questions and comments. Please direct enquiries to:
investor@avation.net
Notes to Editors:
Avation 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.