New Airline Lease Agreement
Avation PLC has announced the signing of an eight-year lease agreement with a European ACMI provider for an eight-year-old ATR 72-600 aircraft. The aircraft transition is scheduled for February 2026, following the conclusion of its current lease. This new lease is expected to improve Avation's contracted revenue and airline diversification.
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Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce the signing of an eight-year lease agreement with a European ACMI provider for an eight-year-old ATR 72-600 aircraft.
The aircraft is scheduled to be transitioned in February 2026 following the end of its current lease.
Jeff Chatfield, Executive Chairman of Avation PLC, said: "We are pleased to have placed this aircraft on a long-term, eight-year lease with a new customer, improving Avation's contracted revenue and airline diversification."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.