REG - Avation PLC - EXERCISE OF ATR PURCHASE RIGHTS

AvationAnnouncement

Today 07:15

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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.

 

 

 

 

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