Avation's half-year revenues hit a record level
"Avation posted record lease rental revenue and assets for the period ended 31 December 2019. Most importantly the customer base continued to expand"
Company
Avation PLC
LON:AVAP
Avation is a London Stock Exchange main market company quoted on the 06 October 2010. Avation has both its shares AVAP.L and warrants AVAW.L admitted to the LSE. Avation was incorporated 2006 in England and Wales. Avation PLC is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation's future focus are new technology low CO2 emission aircraft. Our current customers include easyJet, Eva Air, Philippine Airlines, Alliance Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, airBaltic and Danish Air Transport. The company’s fleet includes Airbus A320 and A220 aircraft, Boeing 737 NG and 777-300ER aircraft and ATR 72 aircraft.
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Avation enters aircraft engine lease business, signs first lease with Aeromar Airlines
Avation's executive chairman, Jeff Chatfield commented: "Engine leasing is a new business initiative which we are exploring"
Avation aircraft subleased to Scottish carrier Loganair
The two aircraft have been subleased from Flybe and will remain with Loganair until just before the end of the leases
Avation secures two more ATR aircraft for US-Bangla
Avation is supporting the expansion of the Bangladesh airline's fleet
Avation delivers second in a series of five new ATR 72-600 turboprop aircraft to Braathens Regional Airways
As with the first delivery to Braathens, this second delivery was financed with a "Green Loan" provided by Deutsche Bank
Avation delivers second of two Airbus A321 aircraft to Vietjet Air under a long term operating lease
The aircraft has completed calendar airframe maintenance checks, been configured for operations by VietJet Air and has been put into Vietjet Air livery
Avation completes purchase of its first engine to lease as a spare to commercial aircraft operators
The firm pointed out that the acquired engine is virtually new having only completed 54 hours and is a Pratt and Whitney Canada PW127M
Avation delivers first of two Airbus A321’s to VietJet Air
The aircraft will be leased to the airline for eight years, after which it will be returned following a major airframe maintenance check
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Avation climbs as it considers possible sale
The aircraft leasing firm says it is already in preliminary discussions with an interested party, although there is no certainty that an offer will be made
Avation leases first commercial aircraft financed with green loan
The plane is the first in a series of five new ATR 72 turboprop aircraft, which emits 40% less CO2 than a comparable regional jet
Avation leases ATR 72-600 aircraft to Swedish airline Braathens
The plane will be the fifth that Avation has leased to Braathens, the first of which is due to be delivered this month
Avation expects to report record half-year revenues
The company's business continues to perform satisfactorily
Avation says it is considering Green finance opportunities for growth within its lower emissions aircraft fleet
"We believe that Avation will be eligible for green finance initiatives given the efficient nature of half of our fleet and we are willing to explore these as we grow and finance future aircraft from within our order book"
Avation moves quickly to repossess two aircraft leased to Thomas Cook
The A321s have been repossessed and ferried from Manchester and Gatwick to an aircraft maintenance and repair organisation outside of the UK
Avation gets upgraded bond rating from S&P
The credit rating agency lifted the aircraft leasing company's issuer default rating to BB- with a “stable” outlook
Avation leases second plane to Bangladeshi airline
The aircraft leasing company said it did not expect a material impact on its operations from the collapse of Thomas Cook
Avation leases four new aircraft to Swedish airline Braathens
The four ATR 72-600 aircraft were signed on 10-year leases and would be delivered during the fourth quarter of 2019 and the first quarter of 2020
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Avation prelims show the aircraft leasing company is flying high
Sales of two narrow-body aircraft point to some hidden value within the portfolio