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Avation plc thrives amid city-state's successful graft battle

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Angela Tan

Angela Tan

Published Thu, Aug 8, 2019 · 09:50 PM

    Singapore

    WHEN the Singapore Economic Development Board (EDB) granted London-listed Avation plc a tax incentive under the Aircraft Leasing Scheme (ALS) in 2014, the company was already won over by the city-state's zero tolerance approach to graft.

    Avation, a Singapore-headquartered commercial aircraft lessor which focuses on turboprop and jet aircraft in the Asia-Pacific and European region, liked the assurance that, once an investment is made, the company would not be blackmailed into providing bribes.

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