Aviation PLC sells two new ATR 72-600

Singapore-based Aviation PLC (Aviation) has entered into a sale and purchase agreement with an undisclosed airline for two new ATR 72-600 deliveries from the manufacturer, following an earlier exercise of purchase rights under Aviation’s long-term aircraft purchase contract with ATR. “The decision was made to sell these next two deliveries due to attractive economics,” said Aviation executive chairman Jeff Chatfield. “The company expects net cash proceeds of over $10 million at completion of the sales of the two aircraft with these proceeds earmarked for pre-delivery payments for Avation’s ten-aircraft ATR 72-600 order.” The two aircraft are scheduled to be delivered