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Avation PLC signed a six-year lease agreement with existing customer PNG Air for one ATR 72-600 aircraft. This aircraft is currently on lease to Mandarin Airlines. The aircraft is scheduled to be returned and transitioned to PNG Air during the fourth quarter of 2025.
| Date | 2 Jul 2025 |
| Time | 07:20:46 |
| Category | Acquisitions and alliances |
| ID | 3820P |
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
NEW LEASE TO PNG AIR
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce the signing of a six-year lease agreement with existing customer, PNG Air, for one ATR 72-600 aircraft currently on lease to Mandarin Airlines.
The aircraft is currently scheduled to be returned and to be transitioned to PNG Air during the fourth quarter of 2025.
-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 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.