Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has delivered a new ATR 72-600 aircraft, with manufacturer’s serial number 1591, to the South Asian airline US-Bangla Airlines. The operating lease for this aircraft is at market rates.

Avation’s Executive Chairman, Jeff Chatfield said: “We are pleased to complete this third operating lease transaction with US-Bangla Airlines. We are starting to observe recovery in the air travel industry, notably in the regional sector where the ATR 72 is the best-suited aircraft. This aircraft is new and is unencumbered.”