Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has advised that further to the announcement made on 1 March 2024, it has now completed this 15 March 2024 the sale of one ATR 72-600 aircraft with MSN 1039 to an Asian airline.
Avation completes sale of one ATR 72-600 aircraft to an Asian airline
- Written by: Amilia Stone
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Avation has agreed a twelve-year lease with a Cambodian carrier for a new ATR 72-600, the second of ten aircraft ordered in 2024. Delivery is scheduled for February 2026.
Avation confirmed that one of ten ATR 72-600 aircraft ordered in 2024 will be delivered in November 2025, becoming the first aircraft in SUM Air’s fleet.
Avation, the Singapore-based aircraft leasing company, has been assigned a 'B' long-term issuer default rating by Fitch Ratings.
Avation has been assigned a first-time B1 Corporate Family Rating and B2 issuer rating by Moody’s, with a stable outlook.
Avation has provided a trading update confirming continued fleet growth, strong rent collections, and improved aircraft values. All aircraft remain leased, with new deliveries scheduled through 2028 and further acquisitions under consideration.
Avation has signed a new six-year lease with PNG Air for an ATR 72-600 aircraft, currently operated by Mandarin Airlines.
