Avation PLC and its subsidiaries (“Avation”, the “Group”) is a commercial passenger aircraft leasing group managing a fleet of 38 aircraft, as at 30 June 2018, which are leased to airlines globally.
Avation’s customers include Virgin Australia, Thomas Cook, Fiji Airways, Mandarin Airlines, Air India Regional, Flybe, Air France, easyJet, Vietjet Air, EVA Air, Philippine Airlines, and airBaltic. The Group’s fleet includes Airbus A220, A320 and A321 narrow-body jets, Boeing 777- 300ER and Airbus A330-300 twin-aisle jets, ATR 72 twin engine turboprop aircraft and five older Fokker 100 jets. Avation operates from its headquarters in Singapore where it is tax resident and, since 17 April 2014, a beneficiary of the Singapore Aircraft Leasing Scheme tax incentive.
Avation’s management team has extensive experience in the aviation industry and has the expertise to select and acquire aircraft that will achieve strong operational performance for our customers and generate stable returns for our shareholders.
Avation aims to grow its fleet and continue to diversify its customer base in the coming year. The Group has six ATR 72-600 aircraft on order from the manufacturer and holds options for a further 30 aircraft. The Group may also acquire further new and second-hand jet
aircraft on an ad-hoc basis. Older aircraft are sold when opportunities arise in order to maintain a low average fleet age.
Avation is listed on the main list of the London Stock Exchange under the ticker symbol LSE: AVAP.
As at 30 June 2018, Avation's fleet comprised 38 aircraft. Fleet metrics have continued to improve, with the weighted average age of the fleet (excluding aircraft on finance lease) is 3.2 years (2017: 3.3 years)