New Long-term Lease Agreement
Avation PLC has announced a new twelve-year lease agreement with Cambodian Airways for a new ATR 72-600 aircraft, scheduled for delivery in October 2026. This marks the second aircraft placed with the airline from Avation's fleet and is the fourth in a series of ten ATR 72-600s ordered in 2024. The company views this as a positive development in its ongoing collaboration with Cambodian Airways and a successful placement from its existing orderbook.
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Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce the signing with Cambodian Airways of a twelve-year lease agreement for a new ATR 72-600 aircraft. This aircraft will be the second Avation owned plane placed with Cambodian Airways. The aircraft is scheduled to be delivered new in October 2026.
The aircraft is the fourth of the series of ten ATR 72-600 aircraft ordered in 2024 by Avation pursuant to the exercise of purchase rights under its long-term contract with ATR.
Jeff Chatfield, Executive Chairman of Avation PLC, said: "We are pleased to further our collaboration with Cambodian Airways and secure an additional long-term lease for our ATR orderbook."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.