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