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Avation PLC - Singapore-based passenger aircraft leasing firm - Says the lease of ATR72-600 aircraft has been delivered to a new airline customer in the Pacific Region. The lease agreement is for an ATR 72-600 aircraft that was repossessed in August 2022, following the default of an airline in Myanmar. The lease began on March 18.
Chair Jeff Chatfield says: ‘We are pleased to have delivered this aircraft to a new customer. The management remains confident of placing or selling the two remaining unutilised aircraft before 30 June 2023.’
Current stock price: 119.60 pence, down 1.2% in London on Monday morning
12-month change: up 41%
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