REG - Avation PLC - SALE OF ATR AIRCRAFT FROM ORDERBOOK

AvationAnnouncement

12/06/2025 07:00

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RNS Number : 4357M  Avation PLC  12 June 2025

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

SALE OF ATR AIRCRAFT FROM ORDERBOOK

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is
pleased to announce the concurrent delivery and sale of a new ATR 72-600
aircraft to an airline in the Caribbean region. This aircraft is the second
sale of a series of two aircraft originally announced in May 2024.  The
profitable sale of this aircraft releases around US$5 million in net cash
proceeds.

Following this sale Avation has ten aircraft on order from ATR for delivery
between the fourth quarter of 2025 and second quarter of 2028 and purchase
rights to acquire up to 24 additional new ATR 72-600 aircraft.

Jeff Chatfield, Executive Chairman of Avation PLC, said: "The Company is
pleased to have closed another profitable sale transaction, illustrating the
continued strength in the market for ATR turboprop aircraft and the value in
Avation's orderbook and purchase rights. Avation is primarily an aircraft
lessor but agreed to sell this aircraft due to opportunistic timing and
attractive transaction economics. The net proceeds may be used by the company
to continue to deleverage."

 

-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 (mailto: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.

 

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