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.