IN BRIEF: Avation signs agreement with new airline customer
Avation PLC - Singapore-based passenger aircraft leasing firm - Signs a lease agreement with new airline customer in the Pacific region. Says the lease is for an ATR 72-600 aircraft that was repossessed in August 2022, following the default of an airline in Myanmar. The aircraft is due to be delivered to the new customer for a lease term of 24 months. Notes that this reduces the number of off-lease aircraft in Avation's fleet to two from three. Read More