Avation has agreed to a four-year lease extension for one A330-300 aircraft to Taiwan’s EVA Air.
The lease extension is now set to expire in November 2031.
Jeff Chatfield, executive chair of Avation, said the four-year lease extension is the “most valuable” in the company’s history.
“The A330-300 aircraft is a highly popular asset, with a passenger capacity of 309 passengers in a three-class configuration with an excellent airline operator, EVA Air” he said.
The executive chair added that the lease extension a “win-win” for both parties.
“The extension allows EVA Air to confirm available passenger capacity for the next six years, and Avation retains as its customer one of the highest-rated airlines globally,” he said.
“Recent new leases and transactions, along with this extension, increase our weighted average remaining lease term and contracted revenue.”
At present, EVA Air has nine A330-300 aircraft in service.