Avation renewes membership of Singapore’s Aircraft Leasing Scheme

Avation Plc

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that its main operating subsidiaries have been granted a further five year tax incentive in Singapore under the Aircraft Leasing Scheme.

Avation’s headquarters are in Singapore and the majority of the group’s operations will benefit from this tax incentive, subject to meeting applicable terms and conditions. The Aircraft Leasing Scheme provides for a concessionary 8.0% tax rate on income derived from aircraft and aircraft engine leasing and exemption from withholding tax on qualifying loans.  The incentive covers the period from 17 April 2024 to 16 April 2029.

Avation’s Executive Chairman, Jeff Chatfield, said: “We are pleased to have successfully renewed our membership of Singapore’s Aircraft Leasing Scheme which provides substantial benefits to the group.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Avation signs six-year lease agreement with Colombian airline Clic Air

Avation PLC has signed a six-year lease with Colombian airline Clic Air for an ATR 72-600, marking a significant expansion into the South American market.

Avation completes Airbus A320 acquisition on long-term lease to Etihad Airlines

Avation PLC has successfully acquired an Airbus A320 on long-term lease to Etihad Airlines, expanding its fleet to 33 aircraft and enhancing customer diversity.

Three Exclusive CEO Video Interviews in March on Important Breaking News You May Have Missed

CEO Interviews providing valuable insights into their companies' latest financial results, strategic moves, and future outlooks

Avation generates improved revenue, EBITDA and operating profit in half year results

Avation PLC announces strong financial growth, unveils new Airbus A320 acquisition set to diversify its fleet with high-credit airline Etihad.

Avation signs $85 million expandable portfolio financing facility

Avation Plc secures an $85M portfolio financing facility, enhancing cash flow and financial strength by refinancing aircraft with future flexibility.

Avation to publish Interim Results on 25th February 2025

Avation Plc (LON:AVAP) announces upcoming interim results release and investor call for February 25, 2025, detailing six-month performance.

Search

Search