Avation plc (GB:AVAP) has released an update.
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Avation PLC, a commercial passenger aircraft leasing company, has announced the sale of two ATR 72-600 aircraft from its order book to an airline, with scheduled deliveries in the latter half of 2024 and early 2025. The company is set to receive net cash proceeds of over $10 million from the sale, which will fund pre-delivery payments for a remaining order of ten ATR 72-600 aircraft. This sale aligns with Avation’s strategy to maintain a supply of new regional aircraft with strong economic and environmental performance.
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