NEW LONG-TERM LEASE AGREEMENT
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Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
NEW LONG-TERM LEASE AGREEMENT
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."
-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: investor@avation.net 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.
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