Japanese aircraft leasing company Avelo has converted options for three ATR 72-600 aircraft into firm orders.
The company is exercising options that were agreed at the 2023 Dubai Airshow, with deliveries scheduled for 2027. Avelo’s leasing business has been performing well, and it has delivered aircraft to Sky Express, Aegean Airlines, and Ethiopian Airlines.
As a result, Avelo now has 36 aircraft on firm order, in addition to options and purchase rights for a further 9 aircraft.
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