NEW ATR LEASE AGREEMENT SIGNED

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

NEW ATR LEASE AGREEMENT SIGNED

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce the signing of a twelve-year lease agreement with an airline in Cambodia for a new ATR 72-600 aircraft. 

The aircraft is the second of the series of ten ATR 72-600 aircraft ordered by Avation in 2024 pursuant to the exercise of purchase rights under its long-term contract with ATR. The aircraft is scheduled to be delivered in February 2026.

Jeff Chatfield, Executive Chairman of Avation PLC, said: "We are pleased to confirm the addition of an additional airline and country to our customer base and congratulate them on the decision to select the ATR 72-600 on a long-term lease."

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address for questions is: [email protected] and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 6252 2077.

Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net.