Avation Plc. (AVAP.L), a commercial passenger aircraft leasing company, announced Wednesday that it has signed a six-year lease agreement with Colombian airline Clic Air for an ATR 72-600 aircraft.
The aircraft is currently being returned by the previous operator. It is scheduled for delivery to Clic Air in the coming weeks, following the completion of scheduled periodic maintenance checks and standard inspections.
Avation's Executive Chairman Jeff Chatfield said, "We are pleased to have secured a new six year lease for this aircraft which marks a key milestone in our growth story with the entry of Avation into the South American market, and we are delighted to welcome Clic Air as a new customer."
The company previously had stated that the average remaining lease term from its fleet has increased to 4.2 years as of December 31, 2024, the first increase in this metric since the COVID pandemic ended.
In late March, Avation had completed the acquisition of an Airbus A320 aircraft on long-term lease to Etihad Airlines.
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