Avation PLC announced that it has successfully delivered its last remaining off-lease ATR 72-600 aircraft to PNG Air Limited ("PNG Air") for a 72-month lease at a market lease rate. Avation's fleet of 34 aircraft is now fully utilised for the first time since the COVID-19 pandemic. PNG Air operates a substantial route network in Papua New Guinea connecting more than 20 locations on PNG's domestic network.

PNG Air operates a mixed fleet of ATR 72-600 72-seater aircraft and the Dash 8-100 series 36 seaters plus a Dash 8 freighter. The airline has orders in place with ATR and over the next five years will phase out the older Dash 8 aircraft and replace them with ATR 72 aircraft.