Singapore-based Avation PLC says they are nearly US$75 million out of pocket following the collapse and sale of Virgin Australia. The lessor had 13 planes on lease to Virgin Australia when the airline went into voluntary administration in April. Five of those planes have gone to new operators, three are back at Avation, and five planes remain in Australia. All up, Avation PLCs preliminary proof of debt claim against Virgin Australia amounts to US$74.7 million. Most of that derives from outstanding rent and end-of-lease return maintenance compensation.
Avation PLC had 13 planes with Virgin Australia
When Virgin Australia c…
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