IN BRIEF: Avation wins 8-year aircraft lease with FlyJaya in Indonesia

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Avation PLC - Singapore?based aircraft leasing - Leases an ATR 72-600 aircraft to FlyJaya, an Indonesia-based airline, for eight years to 2034. Avation doesn’t provide financial details of the contract but says it is at ‘current market lease rates’. The aircraft is delivered to FlyJaya, a new customer for Avation, on Wednesday. ‘In a period of elevated jet fuel prices, regional air connectivity remains critical to local communities, particularly in countries with extensive airport networks and numerous islands,’ says Executive Chair Jeff Chatfield.

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