Commercial passenger aircraft leasing company Avation has completed the delivery of one ATR 72-500 twin-engine aircraft to Nepal-based carrier Yeti Airlines on an operating lease.
Yeti Airlines represents a new customer for London-listed Avation, and Nepal is also a new jurisdiction.
This unencumbered aircraft is the company's final ex-Virgin Australia ATR 72-500 to be leased out.
Avation's executive chairman Jeff Chatfield said: "We are pleased to establish an operating lease transaction with Yeti Airlines on our last available ATR 72-500 aircraft.
“We are observing recovery in the air travel industry, notably in the regional sector where the ATR 72 is the best-suited aircraft."
Headquartered in Singapore, Avation owns and manages a fleet of commercial passenger aircraft which it leases to airlines around the world.
AVAP shares are trading at 77.6p as of September 6 09:35 BST.