Aircraft Leasing Firm Expands Fleet with Turboprop Acquisition

Avation has exercised purchase rights for five additional ATR 72-600 aircraft, set to be delivered in 2028 and 2029. This deal brings the total number of turboprops acquired by Avation to 54. The Singapore-based lessor has built a substantial fleet through progressive exercising of options since its initial order in 2011. As of March 2026, 27 aircraft are currently in operation with various airlines worldwide.