# Avation PLC sells ATR 72-600 aircraft

- Link: https://www.directorstalkinterviews.com/avation-plc-sells-atr-72-600-aircraft/4121114372
- Published: 2023-04-13T07:12:34+01:00
- Author: Jacob Brown

**[Avation PLC](https://www.directorstalkinterviews.com/company/avation-plc/avap.l)**(
[LON:AVAP](https://www.directorstalkinterviews.com/company/avation-plc/avap.l))**,**
the commercial passenger aircraft leasing company, has announced that it has entered
into an agreement to sell a ten-year old ATR 72-600 aircraft. 

The sale, with a price above book value, will reduce Avation’s off-lease aircraft
inventory to a single aircraft.

This aircraft has been off-lease since its redelivery from Virgin Australia in 2020.
Avation’s technical team has managed the storage and now major maintenance checks
required to deliver the aircraft into commercial operation.

> **Avation’s Executive Chairman, Jeff Chatfield said:** “The aircraft is scheduled
> to be delivered in May 2023 on completion of a series of technical maintenance
> checks. It is our opinion that the market for second hand ATR72 aircraft appears
> to have recovered and is now firm. Our remaining inventory will then be a single
> aircraft which we are marketing and we are receiving numerous enquires. We expect
> Avation’s cost base to improve in the financial year July 2023 to June 2024 as
> the inventory of off-lease aircraft and reconfiguration and transition costs have
> all been reduced.

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.

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