RNS Number : 6485R
Avation PLC
02 March 2023





("Avation" or "the Company")



Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce that it has signed a lease agreement with a new airline customer in the Pacific region. 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.  This transition reduces the number of off-lease aircraft in Avation's fleet from three to two.

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to place this aircraft on lease to a new customer. Delivery will occur in the next few weeks. The management remains confident of placing or selling the two remaining unutilised aircraft before 30 June 2023."



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


Avation welcomes shareholder questions and comments and advises the email address is:


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 .


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Avation (AVAP)
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