Avation PLC (LSE:AVAP) has expanded its customer portfolio by signing long-term lease agreements with Finnair for two ATR 72-600 turboprop aircraft. The aircraft, transitioning from a previous lessee, will commence six-year lease terms in July and September 2026. The agreement adds the European flag carrier and oneworld alliance member to Avation’s customer base, supporting the company’s strategy of broadening relationships with established airlines.
The company said market conditions for regional aircraft continue to improve, with demand increasing for pre-owned ATR 72-600 aircraft. Avation also announced a 24-month letter of intent to lease an ATR 72 engine to another new airline customer, highlighting growing activity in the aftermarket engine leasing market and reinforcing its position within the regional aviation leasing sector.
While these commercial developments reflect improving market fundamentals and continued customer diversification, Avation’s investment outlook remains influenced by elevated debt levels, ongoing profitability challenges and weak technical trading indicators. Although recent leasing agreements provide positive momentum, investors continue to monitor the group’s financial performance.
More about Avation
Avation PLC is a Singapore-based commercial aircraft leasing company that owns and manages a portfolio of passenger aircraft leased to airlines around the world. Listed on the London Stock Exchange, the company specialises in regional and narrowbody aircraft and continues to diversify its customer base across different airline business models and geographic markets.
Its strategy focuses on securing long-term lease agreements with established airlines, enabling the business to benefit from changing demand across the regional aviation market while strengthening relationships with flag carriers and members of major global airline alliances.
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