IN BRIEF: Avation wins 8-year aircraft lease with FlyJaya in Indonesia

Avation PLC - Singapore‑based aircraft leasing - Leases an ATR 72-600 aircraft to FlyJaya, an Indonesia-based airline, for eight years to 2034. Avation doesn't provide financial details of the contract but says it is at "current market lease rates". The aircraft is delivered to FlyJaya, a new customer for Avation, on Wednesday. "In a period of elevated jet fuel prices, regional air connectivity remains critical to local communities, particularly in countries with extensive airport networks and numerous islands," says Executive Chair Jeff Chatfield.

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By Tom Waite, Alliance News editor

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