Avation delivers ATR 72-600 to South Korea's SUM Air on 12-year lease

Avation PLC on Tuesday said it has delivered a new ATR 72-600 aircraft to South Korean airline SUM Air, marking the airline’s first ATR aircraft and Avation’s first customer in South Korea.

The Singapore-based commercial aircraft leasing company said the aircraft was delivered on Monday with a 12-year lease.

The turboprop aircraft is one of ten ATR 72-600 planes ordered by Avation in 2024 under purchase rights exercised with the manufacturer. ATR aircraft are made by a joint venture between Airbus SE and Leonardo Spa.

Executive Chair Jeff Chatfield highlighted that the aircraft was acquired unencumbered and successfully placed with a new airline customer on a long-term lease.

Avation shares were 0.7% lower at 138.00 pence in London on Tuesday morning.

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