Asia/Pacific

Avation leases one ATR 72-500 to Yeti Airlines

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Avation leases one ATR 72-500 to Yeti Airlines

Avation has completed the delivery of one ATR 72-500 to Yeti Airlines on operating lease. With this delivery, Avation has entered Nepal’s market with Yeti Airlines as their launch customer. With the addition of this aircraft Yeti now has six aircraft in its fleet with plans to add three more this year. The airline plans to expand operations with the addition of new aircraft in its fleet. Yeti currently covers Kathmandu, Chandragadhi, Biratnagar, Janakpur, Simara, Pokhara, Bhairahawa, and Nepalgunj destinations in Nepal. It is one of the first carbon-neutral airlines in Nepal and South Asia.

Avation’s Executive Chairman, Jeff Chatfield said: “We are pleased to establish an operating lease transaction with Yeti Airlines on our last available ATR 72-500 aircraft. We are observing recovery in the air travel industry, notably in the regional sector where the ATR 72 is the best-suited aircraft.”

Avation is an aircraft leasing company based in Singapore.