Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company is pleased to announce that it has delivered a new ATR 72-600 turboprop aircraft to a South Asian airline at the manufacturer's facility in Toulouse, France. The aircraft is on finance lease to the airline for a term of six years.

Avation's Executive Chairman, Jeff Chatfield said: "We are very pleased to complete this transaction out of our existing ATR order-book. This delivery takes our total fleet to 48 aircraft."