REG - Avation PLC - NEW LEASE AGREEMENT SIGNED

AvationAnnouncement

03/09/2025 09:15

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RNS Number : 8245X  Avation PLC  03 September 2025

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

NEW LEASE AGREEMENT SIGNED

 

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is
pleased to announce the signing of a lease agreement with South Korean airline
SUM Air for a new ATR 72-600 aircraft.

The aircraft is one of the ten ATR 72-600 aircraft ordered by Avation in 2024
pursuant to the exercise of Purchase Rights under its long-term purchase
contract with ATR. The aircraft, which is scheduled to be delivered in
November 2025, will be the first aircraft in SUM Air's fleet.

Jeff Chatfield, Executive Chairman of Avation PLC, said: "We are pleased to
confirm the addition of SUM Air to our customer list and congratulate them on
their decision to select the ATR 72-600 to expand regional air travel
throughout the Republic of Korea, connecting cities and islands in the region.
By choosing the industry-leading low carbon footprint ATR 72 aircraft, we are
investing in sustainable aviation and contributing to much needed connectivity
in South Korea."

 

-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 (http://www.avation.net) .

 

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