Proactiveinvestors United Kingdom - Transportation RSS feed Proactiveinvestors United Kingdom - Transportation feed en Sat, 20 Jan 2018 11:35:17 +0000 Genera CMS National Express on board with new US tax laws Tue, 16 Jan 2018 11:16:00 +0000 BBA Aviation shares take-off as Citigroup upgrades to 'buy' from 'neutral', targets 400p Mon, 08 Jan 2018 10:46:00 +0000 Clarksons says full-year results to meet expectations despite cyber attack Fri, 05 Jan 2018 08:04:00 +0000 BBA Aviation removes uncertainty by promoting from within to fill chief executive role Tue, 02 Jan 2018 10:15:00 +0000 Irish Continental Group greenlights new €165.2mln ferry for Ireland-UK route Tue, 02 Jan 2018 08:20:00 +0000 BA owner IAG snaps up insolvent Austrian airline Niki in €36.5mln deal Tue, 02 Jan 2018 07:58:00 +0000 Avation completes deliveries to Mandarin Airlines Fri, 29 Dec 2017 09:48:00 +0000 Wizz Air Holdings signs deal for 146 Airbus aircraft valued in excess of US$17.2bn Fri, 29 Dec 2017 09:43:00 +0000 Avation confirms delivery of Airbus A320-200 to easyJet Fri, 22 Dec 2017 12:30:00 +0000 Avation planning to address shares' discount to net asset value "when conditions permit" Wed, 20 Dec 2017 09:15:00 +0000 Avation makes first twin-aisle aircraft delivery Mon, 18 Dec 2017 08:07:00 +0000 Avation secures aircraft revolving facility agreement with leading international bank Thu, 14 Dec 2017 08:13:00 +0000 IAG says British Airways to launch new flexible benefits scheme for staff, including pension changes Fri, 08 Dec 2017 07:37:00 +0000 Stagecoach shares travel higher as JPMorgan says dividend cut unlikely Thu, 07 Dec 2017 10:04:00 +0000 Stagecoach leaves 2018 earnings forecast unchanged despite lower bus revenues in first half Wed, 06 Dec 2017 09:00:00 +0000 Avation delivers aircraft for lease to Mandarin Airlines Tue, 05 Dec 2017 09:44:00 +0000 Northgate upbeat on ‘period of reset’, lifts first half revenues Tue, 05 Dec 2017 07:53:00 +0000 National Express buys two bus operations in the US and Spain as it reports strong trading Mon, 04 Dec 2017 08:13:00 +0000 Go-Ahead delivers rise in train revenue despite fall in passenger journeys Thu, 30 Nov 2017 10:36:00 +0000 Stagecoach and FirstGroup boosted by government’s plans to overhaul Britain's rail network Wed, 29 Nov 2017 14:03:00 +0000 UK shipping firm Clarkson hit by cyber attack Wed, 29 Nov 2017 13:35:00 +0000 British Airways parent IAG shares soar on reports it has won Monarch's Gatwick runway slots Mon, 27 Nov 2017 14:32:00 +0000 Avation delivers first of three ATR 72-600 planes to Mandarin Airlines Mon, 27 Nov 2017 07:19:00 +0000 Avation should be trading at a premium to NAV, Canaccord Genuity says Mon, 20 Nov 2017 12:56:00 +0000 FirstGroup rallies on upgrades from Deutsche Bank and RBC Capital Thu, 16 Nov 2017 14:39:00 +0000 Avation takes out options on more aircraft Thu, 16 Nov 2017 08:37:00 +0000 Avation hires new vice president of marketing Tue, 14 Nov 2017 07:41:00 +0000 Wizz Air confirms interest in failed Monarch's runway slots as it lifts profit forecast Wed, 08 Nov 2017 12:56:00 +0000 Avation to launch new round of debt finance Tue, 07 Nov 2017 08:17:00 +0000 British Airways parent IAG shares rise as it raises annual profit target for 2018-2022 Fri, 03 Nov 2017 08:30:00 +0000 OneLNG looking to be a 'one stop shop' for gas developers OneLNG's executive vice president Krzysztof Zielicki speaks with Proactive at World Oil & Gas Week 2017 in London.

OneLNG is a joint venture between Golar LNG and Schlumberger, and Zielicki says the oil services giant was the "natural choice" of partner in its quest to become a "one stop shop for gas developers".

He adds that the company's services help resource holders to monetise stranded gas reserves that they typically wouldn't look to develop.

Tue, 05 Dec 2017 10:10:00 +0000
Avation Plc into a new year with a new set of growth challenges Richard Wolanksi, finance director for Avation PLC (LON:AVAP) caught up with Proactive's Andrew Scott to run through the firm's full year results for the year to the end of June 2017.

As an active trader of planes, the company re-jigged its portfolio a couple of times last year ... adding four new Airbus A321s which are currently on lease to VietJet, while it disposed of three other A321s.

Mon, 11 Sep 2017 12:50:00 +0100
Avation's Richard Wolanski 'looking forward to the next growth phase of the company' Richard Wolanski, finance director at Avation PLC (LON:AVAP) speaks to Proactive about the company's talks to sell off six of its ATR 72 planes.

Fri, 17 Mar 2017 11:59:00 +0000
'We see enormous potential going forward', says Avation's Richard Wolanski Richard Wolanski, Finance Director for Avation PLC (LON:AVAP) caught up with Proactive on the back of the company's latest half year results as well as discusses the outlook for the commercial passenger aircraft leasing firm.

Thu, 23 Feb 2017 07:59:00 +0000
Avation shares flying towards £2.25 Shares in Avation PLC (LON:AVAP) are set to soar even higher and head towards the £2.25 mark, so says technical analyst Zak Mir.

“[The shares have] had a decent turnaround from the summer, breaking back above the 50-day moving average in August and have been in a rising trend channel ever since,” Mir explains.

“The floor of the channel currently running through to £1.85 and while we hold above that, [there is] an implied target as high as £2.25 at the top of the 2016 price channel.

“Ideally the shares will now hold the 50-day moving average at £1.95 ahead of further moves to the upside.”

Wed, 15 Feb 2017 09:45:00 +0000
IAG could fall back to test support at £3.70, claims chartist International Airline Group’s (LON:AIG) post-Brexit rally has stalled in recent weeks and chartist Zak Mir thinks the stock could well fall a little more to test support.

IAG – like a lot of UK stocks – was hammered in the wake of the referendum result, which wiped almost 200p off of its share price.

Mir tells Proactive: “We had the break down that was typical of many leading stocks at the end of June.”

“We retraced around half of those losses but failed just below the 200-day moving average of £4.65.”

Although Mir doesn’t think the stock is in bad shape, he does think a slight fall back to re-test support levels is possible.

“The risk now is that we’ll have a test of support at the due uptrend line at £3.70, but at this stage that is the worst that it appears that IAG will go to.”

Thu, 10 Nov 2016 10:45:00 +0000
Avation reports "significant growth" following record results Avation finance director Richard Wolanski told Proactive Investors’ Stocktube he is “tremendously pleased” with the aircraft leasing business’s results for the twelve months ended June 30.
“We did highlight to the market about a year ago that we had significant growth coming onboard so it is very satisfying to be able to sit here a year later having executed on those promises.”
The financial results, released last Thursday, showed 25% increase in lease revenue to US$71.2 million, against US$56.9 million last year, while total profit after tax flew 37.6% higher to US$18.3 million compared to US$13.3 million in 2015. The yield to the firm for the fleet in the year was 12.3%.
Earnings per share increased an impressive 42.5% to 34.2 cents (2015: 24.0 cents), while the interim dividend will be 3.25 US cents versus 3 US cents last year.
Speaking with Stocktube, Wolanski talked in detail about the group’s leasing model, the next phase of its fleet growth and his expectations for the rest of the current financial year.

Mon, 12 Sep 2016 15:42:00 +0100
Air Partner flying high in tough private jet sector, says chief Chartered commercial and private aircraft specialist, Air Partner PLC (LON:AIP), is bucking the trend and growing in the luxury air travel market, says chief executive Mark Briffa.

“If you look at the private jet space today, a lot of the numbers coming out are pretty much saying that it’s flat or it’s not growing,” says Briffa, adding “that’s not where we are”.

Briffa also explained the reasoning behind the company’s latest acquisition, Baines Simmons, an aviation safety consultancy it acquired last summer for £6mln.

“We felt it’s a space…where we see a growing market not crowded with competition, but fundamentally for us as well it’s all around adding more value to the customer.”

Briffa adds that Air Partner is always on the lookout for further acquisitions, but stresses that it must be the “right opportunity”.

Thu, 02 Jun 2016 11:11:00 +0100
Avation biggest it has ever been and growing With a fleet of 38 aircraft, Richard Wolanski, finance director of Avation PLC (LON:AVAP), says the aircraft leasing company is the biggest it has ever been.   “There is a big appetite for our aircraft.  Every metric from around the world particularly out of Asia is showing passenger traffic growth and we think with the 1500 planes that are manufactured every year by Boeing and Airbus there’s plenty of opportunity for us to keep growing.” 

Russ Hubbard has been appointed as head of aircraft trading to lead on Avation’s new and “exciting” selling of aircraft initiative.  “We sit in a space where we can actually take advantage of the new aircraft, and we can take and hold and take some cash benefits from middle aged aircraft and then sell them down as they get towards the end of life that we would like them, but they still have another 10-15 years of life for somebody else to use."

Wolanski adds: “There will be big growth in our revenues this year and that will flow through to 2017 and onwards as planes are leased for the long term.”

Fri, 06 May 2016 15:31:00 +0100
fastjet’s new routes end Kenya Airways monopoly, says CEO Ed Winter, chief executive of low cost Africa-focused airline fastjet (LON:FJET), says the company’s new Keyna service ends a long-running monopoly held by Kenya Airways.

Planes are now flying from Dar es Salaam and Kilimanjaro in Tanzania to the Kenyan capital Nairobi.

Flights operate daily, with one way fares starting from US$80 and US$50 respectively, plus tax, the airline said.

Tue, 12 Jan 2016 15:57:00 +0000
Avation jetting off into next growth phase, says finance chief Richard Wolanski, finance chief at aircraft leasing company Avation (LON:AVAP), says 2016 will see the firm continuing to build and diversify its aircraft fleet and airline customer base.

His comments follow a recent half-year trading update, which predicted higher annual profits despite facing interest payments on loans to expand the business.

The company has issued the first US$100mln tranche of a US$500mln global medium term note programme in May 2015 to help it buy new aircraft.

Mon, 23 Nov 2015 12:00:00 +0000
Fastjet CEO eyes Zambia licence as Zimbabwe plans take off Ed Winter, chief executive of Fastjet (LON:FJET), says the airline is on course to start flying its planes in Zambia before the end of the year following a key licence award in Zimbabwe.

An Air Operator Certificate (AOC) means Fastjet can now fly domestic and international routes within and from Zimbabwe, a significant milestone on the firm’s path to becoming the most successful pan African low cost airline.
A similar agreement with the Zambia Civil Aviation Authority (ZCAA) is expected to be reached in the final months of 2015.

Wed, 07 Oct 2015 14:10:00 +0100
Avation set to enter ‘largest growth phase’, says finance chief Richard Wolanski, finance director at aircraft leasing company Avation (LON:AVAP), says the business is set to enter the largest growth phase in its history.

“We’re sourcing new aircraft and new airlines to lease them to,” he explains to Proactive. “Ten aircraft are due to be added to our fleet by mid-2016, so there’s significant growth to come.”

The company’s fleet currently stands at 29. Its customers include firms such as Virgin Australia, Flybe and Thomas Cook Airlines.

Earlier this week, the firm said it could hike the dividend 49% to 3 cents a share backed by a bumper US$108.6mln in cash. Revenues for the 12 months to June 30 jumped 17 to US$56.9mln.

Thu, 10 Sep 2015 09:45:00 +0100
Fastjet CFO: results give us confidence to move forward The chief financial officer of Fastjet (LON:FJET), Nick Caine, talks through the firm’s full-year results which he says give the African airline confidence to move forward.

Despite making a loss last year, Caine explains that the figures 2014 are underpinned by a succession of very strong indicators which show that the carrier’s business model is working.

“We’re operating our aircraft more frequently and filling seats, there’s strong demand and plenty of potential for growth.”

Caine also explains that the firm is on the path towards gaining an Air Operator Certificate and launching flights within and from Zimbabwe.

Tue, 02 Jun 2015 17:07:00 +0100
Avation finance director says company is well placed to reap rewards of Asia-Pacific growth Richard Wolanski, finance director of Avation plc (LON:AVAP), says the passenger aircraft leasing group is well placed to benefit from the fast pace of growth in the Asia-Pacific airline industry.

He adds that the company also has high hopes for the European sector too and has just unveiled a four-aircraft deal with Flybe over the next 12 months. Wolanski also explains how the company, whose share price has risen 27% over the past year, is managing to outperform an already fast-growing market.

Today, the company revealed it is to launch a medium-term note programme to reduce its reliance on placings. 

Mon, 27 Apr 2015 14:27:00 +0100
Fastjet CEO says new funds will help ‘fulfil expansion plans’ Ed Winter, chief executive of fastjet (LON:FJET), says the company’s latest fundraising is all about taking the venture forward now that it has the foundations in place.

The low-cost airline has managed to drum up £50mln from a placing with new and existing investors to fund its expansion across Africa. 

Winter tells Proactive Investors how the group goes about expanding its fleet and says fastjet is now ready to take advantage of the market. He says the target over the next three and a half years is to try to capture around 1% of the population of the six countries it has chosen to operate in.

Wed, 01 Apr 2015 16:07:00 +0100
Fastjet boss Ed Winter on ‘transformational’ factors driving revenue growth Ed Winter, chief executive and executive chairman of fastjet (LON:FJET), explains how the combination of cheaper fuel, higher passenger yields and ‘working resources harder’ has had a transformational effect on the low-cost African airline.

Winter anticipates fastjet will obtain the all-important Air Operating Certificate for Zambia ‘towards the end of the first quarter’.

Mon, 12 Jan 2015 12:51:00 +0000
Fastjet CEO Winter on new route Ed Winter, chief executive of low-cost African airline fastjet (LON:FJET), explains the benefits of the new route between Dar es Salaam and Entebbe – two of the biggest cities in Tanzania and Uganda respectively. 

Winter talks about the potential of the route, the freight services, and the impact of Ebola on its operations.

Tue, 02 Sep 2014 11:12:00 +0100
Fastjet to expand route internationally over coming months Ed Winter, chief executive of low cost airline Fastjet (LON:FJET), says its £11mln institutional placing was oversubscribed and its subsequent open offer of up to £3.9mln is aimed at pre-existing investors on the same terms as the institutions. The cash allows the airline to bring Tanzania into profit, provide capital for new bases and expand its route network internationally to Nairobi, Harare, Kenya, Zambia and Mombasa over the coming months.

Thu, 17 Apr 2014 08:59:00 +0100
fastjet now ready to capitalise and expand the company Ed Winter, interim Chairman and chief executive of fastjet (LON:FAST), tells Proactiveinvestors that 2014 will be a turning point for the airline; having proved that the model works in Africa and having dramatically increased the yields. Ed says that the board now wants to capitalise and 'really expand' the company to become 'Africa's first real pan-African low cost carrier'.

Fri, 14 Feb 2014 14:32:00 +0000
Vmoto's non-executive director Olly Cairns speaks to Proactive Investors about profits from electric scooter sales in China. Wed, 18 Dec 2013 23:14:00 +0000 FastJet will soon open new domestic and international routes Proactiveinvestors the low-cost African airline will soon open new domestic and international routes while welcoming growth across the group. ]]> Fri, 09 Aug 2013 14:38:00 +0100 Fastjet CEO says more countries want the company to provide air connectivity Fastjet (LON:FJET), tells Proactiveinvestors that the company is now expanding its 'international standard' brand, partnering with local operators where necessary to reduce the political risk. Ed says that the company is now receiving approaches by countries to provide air connectivity. ]]> Tue, 18 Jun 2013 10:41:00 +0100 FastJet: The livery launch LON:FJET) tells Proactiveinvestors that the first flights are now underway for the African low cost carrier and the planes are flying with their new livery. Rob explains a little bit of what was behind the choice of colours and icons and looks forward to rolling out new aircraft ]]> Thu, 29 Nov 2012 06:00:00 +0000 Liberum Capital says the potential for FastJet's market is 'exceptionally' big LON:RUBI) and the company's plans to roll out the low cost carrier model in Africa. While Peter describes the market potential as 'exceptionally' big, he also says that FastJet has to 'prove concept'.]]> Wed, 11 Jul 2012 11:55:00 +0100 FastJet up and running in Africa as easyGroup joins Lonrho and Rubicon LON:LONR) and Ed Winter CEO of FastJet (LON:RUBI), tells Proactiveinvestors that FastJet is set to build a new low cost carrier in what Geoff says is possibly the biggest potential low cost carrier market that has not yet been exploited. Ed says that FastJet will be democratising air travel enabling people that, up until now, had only dreamed of being able to fly while raising the bar on safety to a global standard. ]]> Fri, 15 Jun 2012 16:21:00 +0100