Avation PLC (LON:AVAP) told investors that it has entered into a long-term lease agreement with a South-Asian airline for one new ATR 72-600 aircraft.
The commercial aircraft leasing firm said the new agreement covers an eight-year period and that it is on ‘market-standard terms and conditions’.
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It expects the aircraft to be delivered at the end of next month.
Avation noted that it expects to publish its interim results, for the six months to December 31, next month on February 21.