REG - Avation PLC - AIRCRAFT TRANSITION LEASE AGREEMENT

AvationAnnouncement

Today 07:00

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RNS Number : 8124G  Avation PLC  03 June 2026

Via RNS and SGXNET

 

                            AVATION PLC

 

                     AIRCRAFT TRANSITION LEASE AGREEMENT

Avation PLC (LSE: AVAP, Avation or "the Company"), the commercial passenger
aircraft leasing company, is pleased to announce that it has signed an
eight-year lease agreement, extending to 2034, at current market lease rates
with FlyJaya, an Indonesian airline, for an ATR 72-600 aircraft. The aircraft
was delivered on 3 June 2026 under this new lease agreement.

 

Jeff Chatfield, Executive Chairman of Avation PLC, commented: "Avation's
strategy is to further diversify its airline customer base and we are pleased
to have completed a rapid transition of this aircraft to FlyJaya, a new
customer in Indonesia. In a period of elevated jet fuel prices, regional air
connectivity remains critical to local communities, particularly in countries
with extensive airport networks and numerous islands. This eight-year lease
term is an attractive duration, underlining the strength of demand for the ATR
72-600 aircraft type and providing long-term revenue visibility for the
Company."

 

                                                                 -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.

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