# Avation plc signs new Airline leasing customer in Pacific region (LON:AVAP)

- Link: https://www.directorstalkinterviews.com/avation-plc-signs-new-airline-leasing-customer-in-pacific-region-lonavap/4121108482
- Published: 2023-03-02T13:38:19+00:00
- Author: Olivia Thompson

**[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 today that it has
signed a lease agreement with a new airline customer in the Pacific region. The 
lease is for an ATR 72-600 aircraft that was repossessed in August 2022, following
the default of an airline in Myanmar.  The aircraft is due to be delivered to the
new customer for a lease term of 24 months. This transition reduces the number of
off-lease aircraft in Avation’s fleet from three to two.

> 
> **Avation’s Executive Chairman, Jeff Chatfield said:** “We are pleased to place
> this aircraft on lease to a new customer. Delivery will occur in the next few 
> weeks. The management remains confident of placing or selling the two remaining
> unutilised aircraft before 30 June 2023.”

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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