Lessor Archives - Aviation metric

Singapore-based lessor Avation orders five additional ATR 72-600S

Posted on March 17, 2026 by Wole Shadare

Reinforces long-term ATR partnership, reaches 54 net firm aircraft ordered ATR, the world’s leading regional aircraft manufacturer, today announced that Singapore-based lessor Avation (LON: AVAP) has exercised purchase rights for five ATR 72‑600 aircraft under its long-term framework agreement signed in 2011. Deliveries are scheduled for 2028 and 2029. This latest commitment covers the 50th to 54th ATR aircraft ordered by Avation since the start of its cooperation with ATR 15 years ago. Over…

Air Peace’s operations disrupted as lessor withdraws airplanes, passengers stranded nationwide

Posted on November 14, 2025November 14, 2025 by Wole Shadare

Scores of Air Peace passengers across the country are stranded at airports following the withdrawal of three of the airline’s aircraft by SmartLynx Airlines, one of its lessors. Consequently, many of its operations have been disrupted, as the airline is in a state of limbo. Many of the carrier’s aircraft are grounded, while others are still undergoing maintenance checks overseas. The airline is experiencing unprecedented flight delays and cancellations, a situation that has made air…