Avation PLC Completes Aircraft Transition to Colombian Airline CLIC Air
Why we think this is good
The RNS announcement indicates that Avation PLC has successfully transitioned an ATR 72-600 aircraft to a new customer, CLIC Air, in Colombia. This represents the company's entry into the South American market, which could provide opportunities for future growth. While the financial details of the contract are not disclosed, the successful execution of the transition suggests Avation's operational capabilities, which is a positive sign for the company's performance.
Key Points
- Avation PLC has delivered an ATR 72-600 aircraft to Colombian regional airline, CLIC Air
- The aircraft was successfully transitioned following scheduled maintenance checks and reconfiguration
- This transition marks Avation's entry into the South American market
Summary
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has completed the delivery of an ATR 72-600 aircraft to Colombian regional airline, CLIC Air. This transition follows the company's announcement on 9 April 2025 and demonstrates Avation's ability to remarket and transition aircraft to new lessees. The successful delivery represents Avation's entry into the South American market.