Avation PLC (LON:AVAP) has delivered a new ATR 72-600 aircraft, with manufacturer’s serial number 1591, to the South Asian airline US-Bangla Airlines.
Jeff Chatfield, Avation’s executive chairman, said: “We are pleased to complete this third operating lease transaction with US-Bangla Airlines.
“We are starting to observe recovery in the air travel industry, notably in the regional sector where the ATR 72 is the best-suited aircraft. This aircraft is new and is unencumbered.”
The operating lease for this aircraft is at market rates, Avation added.
At the end of December, Avation’s fleet comprised 46 aircraft of which 22 were the propeller- powered ATR-600sand six ATR-500s. The remainder were either Boeing or Airbus jets.
Shares rose 0.5% to 109p.