REG - Avation PLC - SALE OF ATR 72-500 AIRCRAFT

AvationAnnouncement

30/10/2023 07:15

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RNS Number : 6857R  Avation PLC  30 October 2023

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

SALE OF ATR 72-500 AIRCRAFT

 

Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company is
pleased to announce that it has completed the sale of one ATR 72-500 aircraft
with manufacturer's serial number 955 which was returned to the Company in
October 2023 pursuant to a consensual lease termination from its operator,
FlyBig Airlines, an Indian carrier. The aircraft has now been sold and
delivered to an airline based in Nepal.

 

Avation's Executive Chairman, Jeff Chatfield, said: "The Company is delighted
to complete the export and sale of our oldest ATR 72-500. The Company's
strategy is to focus on new technology low CO2 aircraft such as the ATR72-600
with new technology engines. We are pleased that our transitions team was able
to have successfully recovered an aircraft from India with a lease
termination, re-registration and export in a matter of weeks."

 

 

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

 

Avation welcomes shareholder questions and comments and advises the email
address is: investor@avation.net (mailto:investor@avation.net)

 

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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