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Avation Delivers First ATR 72-600 to South Korea’s SUM Air Amid Industry Shifts
Avation PLC, a prominent commercial passenger aircraft leasing company listed on the London Stock Exchange (LSE: AVAP), has announced the delivery of its first ATR 72-600 aircraft to South Korean carrier SUM Air. This delivery, completed on December 29, 2025, represents a significant milestone for both companies: it is SUM Air’s inaugural ATR aircraft and marks Avation’s first lease agreement with a South Korean airline. The aircraft has been leased under a twelve-year contract, following Avation’s earlier announcement in September 2025.
The ATR 72-600 is one of ten aircraft ordered by Avation in 2024, exercising its purchase rights with ATR. Jeff Chatfield, Executive Chairman of Avation PLC, expressed optimism about the new partnership, emphasizing the strategic importance of entering the South Korean market. He noted that the aircraft is currently unencumbered and that the company looks forward to a long and successful relationship with SUM Air.
Context of Industry Challenges and Market Dynamics
This delivery occurs amid notable shifts in the global aviation sector. Major manufacturers, including Boeing, are contending with challenges related to production quality and supply chain resilience. Boeing’s recent acquisition of Spirit AeroSystems is a key development expected to influence market dynamics, although competitor responses remain uncertain. Despite these operational challenges, Boeing’s stock has experienced a surge following the acquisition, reflecting positive investor sentiment. Nevertheless, the company’s future performance will depend heavily on regulatory approvals from the Federal Aviation Administration (FAA), production rate adjustments, certification timelines, and the pace of aircraft deliveries. These factors are poised to shape broader industry trends in the coming years.
Avation’s expansion into the Asian market through its partnership with SUM Air underscores the sustained demand for regional aircraft. The company’s strategic acquisitions and leasing agreements demonstrate resilience and adaptability in a sector that continues to evolve in response to supply chain complexities and manufacturing challenges.

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