IN BRIEF: Avation signs six-year lease deal with PNG AIR for aircraft

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Avation PLC - Singapore-based aircraft leasing company - Signs six-year lease agreement with existing customer PNG Air for one ATR 72-600 aircraft currently on lease to Mandarin Airlines. The 72-seat aircraft is scheduled to be returned and to be transitioned to PNG Air during the fourth quarter of 2025. PNG Air flies to more the 20 destinations in Papua New Guinea.

Avation stock price: 156.36 pence

12-month change: up 15%

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