Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has sold at current market rates an ATR 72-600 aircraft with manufacturer’s serial number 1591 to another regional aircraft lessor. The aircraft is on lease to the South Asian airline US-Bangla Airlines.

Avation’s Executive Chairman, Jeff Chatfield said: “We are pleased to complete this sale transaction on an unencumbered aircraft. The transaction demonstrates that there is demand out there for appropriate assets and the ATR 72 is the best-suited aircraft for the regional market.”