Avation PLC (LSE:AVAP) has agreed a 12-year lease with Cambodia Airways for a new ATR 72-600 aircraft, with delivery expected in October 2026. This transaction represents the second Avation-owned aircraft to be placed with the Cambodian carrier, further strengthening the relationship between the two parties.
The aircraft is the fourth unit from a total order of ten ATR 72-600s placed by Avation in 2024 under its long-term agreement with ATR. The lease highlights the lessor’s strategy of growing its turboprop portfolio and deploying aircraft into expanding regional aviation markets, particularly across Southeast Asia, where demand for fuel-efficient short-haul capacity continues to develop.
Despite the positive nature of the placement, Avation’s overall outlook remains constrained by underlying financial pressures. High leverage and ongoing losses continue to weigh on fundamentals, while technical indicators point to bearish share price momentum. Although recent leasing activity provides operational support, it has yet to materially offset broader balance sheet and profitability concerns.
More about Avation
Avation PLC is a Singapore-headquartered commercial aircraft leasing company that owns and manages a fleet of passenger aircraft leased to airlines worldwide. The Group focuses on regional and narrow-body aircraft, with a particular emphasis on turboprop platforms such as the ATR 72-600, serving carriers operating short-haul and regional networks.
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