Avation has exercised its right to step into the sub-lease to Loganair of two ATR 72-600s, originally leased to collapsed British carrier Flybe.
The Singapore-based lessor said on 19 February it placed the turboprops with Loganair, which was set to start operating them “in the coming weeks”. The aircraft were to remain with the Scottish carrier until just before the expiry of their Flybe leases.
Cirium fleets data shows the leases on MSNs 1260 and 1277 are due to expire on 30 September 2021 and 9 October 2021, respectively.
Cirium has asked Avation whether it has any plans to extend the leases.
With Flybe’s collapse and Avation exercising its rights to step into the sub-lease, Loganair becomes a direct customer of the lessor.
All of Flybe’s flights have been grounded and the UK business ceased trading on Thursday. This came after the government rejected the regional carrier’s request for a £100 million ($129 million) loan. Meanwhile, financial pressure had been increasing on the carrier in recent days as air travel demand was impacted by the coronavirus outbreak.
Cirium fleets data shows Loganair also operates two Britten-Norman BN-2 Bs, three Viking Air DHC-6-300s, three Embraer ERJ-135s, 13 ERJ-145s, two Saab 2000s, two Saab 340As, 14 Saab 340Bs.
