EXERCISE OF ATR PURCHASE RIGHTS
02/03/2026 07:11
RNS Number : 8936U Avation PLC 02 March 2026 Via RNS and SGXNET AVATION PLC EXERCISE OF ATR PURCHASE RIGHTS Avation PLC (LSE: AVAP, Avation or "the Company"), the commercial passenger aircraft leasing company announces that it has converted five of its 24 purchase rights into firm orders for ATR 72-600 Aircraft under its long-term purchase contract with ATR. The delivery of these additional firm aircraft is scheduled for 2028 and 2029. Jeff Chatfield, Executive Chairman of Avation PLC, said: "The Company believes that aircraft shortages are likely to persist for some time, which will enhance the value of lessor order books over the medium term. By exercising these purchase rights for additional new aircraft, the Company is strengthening its growth trajectory for 2028 and beyond. This latest commitment increases the undelivered ATR 72-600 order book to 14 firm aircraft. The equity investment required for these aircraft is expected to be fully funded from organic cash flows." -ENDS- Enquiries: Avation PLC - Jeff Chatfield, Executive Chairman Tel: +65 6252 2077 Avation welcomes shareholder questions and comments. Please direct enquiries to: investor@avation.net Notes to Editors: Avation PLC is a Singapore‑headquartered aircraft leasing company that owns and manages a fleet of commercial passenger aircraft leased to airlines worldwide. Further information is available at www.avation.net. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END AGRAKBBKOBKKCNK