http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sun, 25 Feb 2018 12:36:29 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - FIRST HALF 2018 RESULTS AND INVESTOR UPDATE CALL ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180219070002_13537076/ Mon, 19 Feb 2018 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180219070002_13537076/ <![CDATA[RNS press release - ADMISSION OF NEW ORDINARY SHARES AND DIRS DEALING ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180126094710_13510903/ Fri, 26 Jan 2018 20:47:10 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180126094710_13510903/ <![CDATA[RNS press release - ISSUE OF EQUITY ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180119113530_13503001/ Fri, 19 Jan 2018 22:35:30 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180119113530_13503001/ <![CDATA[RNS press release - MANDARIN EXPECT ENTRY INTO SERVICE IN FEBRUARY ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180116115155_13498136/ Tue, 16 Jan 2018 22:51:55 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180116115155_13498136/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180102070003_13481209/ Tue, 02 Jan 2018 18:00:03 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20180102070003_13481209/ <![CDATA[RNS press release - THIRD ATR 72-600 DELIVERY TO MANDARIN AIRLINES ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171229083153_13480179/ Fri, 29 Dec 2017 19:31:53 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171229083153_13480179/ <![CDATA[RNS press release - AIRBUS A330 ACQUISITION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171222123050_13476346/ Fri, 22 Dec 2017 23:30:50 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171222123050_13476346/ <![CDATA[RNS press release - APPOINTMENT OF LEGAL COUNSEL ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171222074738_13475604/ Fri, 22 Dec 2017 18:47:38 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171222074738_13475604/ <![CDATA[RNS press release - AIRBUS AIRCRAFT TRANSITION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171222070001_13475171/ Fri, 22 Dec 2017 18:00:01 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171222070001_13475171/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171220102249_13472435/ Wed, 20 Dec 2017 21:22:49 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171220102249_13472435/ <![CDATA[RNS press release - AGM, INTERIM MANAGEMENT STATEMENT & TRADING UPDATE ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171220071617_13472121/ Wed, 20 Dec 2017 18:16:17 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171220071617_13472121/ <![CDATA[RNS press release - Boeing Avation Deliver Philippine Airlines 777-300 ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171218070002_13468302/ Mon, 18 Dec 2017 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171218070002_13468302/ <![CDATA[RNS press release - SECURED AIRCRAFT REVOLVING FACILITY AGREEMENT ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171214070002_13464815/ Thu, 14 Dec 2017 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171214070002_13464815/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171208135535_13459424/ Sat, 09 Dec 2017 00:55:35 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171208135535_13459424/ <![CDATA[RNS press release - SECOND ATR 72-600 DELIVERY TO MANDARIN AIRLINES ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171205091602_13454165/ Tue, 05 Dec 2017 20:16:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171205091602_13454165/ <![CDATA[RNS press release - WARRANT ISSUE AND DIRECTORS' DEALING ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171127102833_13444702/ Mon, 27 Nov 2017 21:28:33 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171127102833_13444702/ <![CDATA[RNS press release - PRICES U.S. DOLLAR DENOMINATED BOND TAP ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171127102829_13444699/ Mon, 27 Nov 2017 21:28:29 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171127102829_13444699/ <![CDATA[RNS press release - FIRST ATR 72-600 DELIVERY TO MANDARIN ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171127070002_13443929/ Mon, 27 Nov 2017 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171127070002_13443929/ <![CDATA[RNS press release - NOTICE OF AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171124102907_13443215/ Fri, 24 Nov 2017 21:29:07 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171124102907_13443215/ <![CDATA[RNS press release - BOCI AS DEALER TO BONDS ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171122070002_13439670/ Wed, 22 Nov 2017 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171122070002_13439670/ <![CDATA[RNS press release - APPOINTMENT OF JOINT BROKER ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171120070002_13436463/ Mon, 20 Nov 2017 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171120070002_13436463/ <![CDATA[RNS press release - PRICES U.S. DOLLAR DENOMINATED BOND TAP ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171116070002_13433297/ Thu, 16 Nov 2017 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171116070002_13433297/ <![CDATA[RNS press release - APPOINTMENT OF AIRCRAFT MARKETING EXECUTIVE ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171114071925_13430515/ Tue, 14 Nov 2017 18:19:25 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171114071925_13430515/ <![CDATA[RNS press release - OUTCOME OF PROPOSED NOTE ISSUE ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171108070916_13423979/ Wed, 08 Nov 2017 18:09:16 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171108070916_13423979/ <![CDATA[RNS press release - LAUNCHES U.S. DOLLAR DENOMINATED BOND OFFERING ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171107070003_13422284/ Tue, 07 Nov 2017 18:00:03 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171107070003_13422284/ <![CDATA[RNS press release - AIRCRAFT TRANSITION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171031150539_13415229/ Wed, 01 Nov 2017 02:05:39 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171031150539_13415229/ <![CDATA[RNS press release - INCREASE TO US$1,000,000,000 GMTN ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171020154836_13404400/ Sat, 21 Oct 2017 01:48:36 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171020154836_13404400/ <![CDATA[RNS press release - AIRBUS A330-300 ACQUISITION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171011074916_13392838/ Wed, 11 Oct 2017 17:49:16 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171011074916_13392838/ <![CDATA[RNS press release - BOEING AIRCRAFT ACQUISITION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171011073146_13392830/ Wed, 11 Oct 2017 17:31:46 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20171011073146_13392830/ <![CDATA[RNS press release - PUBLICATION OF FINAL RESULTS ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170925082353_13373832/ Mon, 25 Sep 2017 17:23:53 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170925082353_13373832/ <![CDATA[RNS press release - OPERATIONAL UPDATE ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170914073515_13362583/ Thu, 14 Sep 2017 16:35:15 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170914073515_13362583/ <![CDATA[RNS press release - PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR 2017 ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170907070503_13354579/ Thu, 07 Sep 2017 16:05:03 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170907070503_13354579/ <![CDATA[RNS press release - RESULTS AND INVESTOR UPDATE CALL ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170901070002_13348152/ Fri, 01 Sep 2017 16:00:02 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170901070002_13348152/ <![CDATA[RNS press release - INTERIM DIVIDEND EXCHANGE RATE ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170727093146_13309553/ Thu, 27 Jul 2017 18:31:46 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170727093146_13309553/ <![CDATA[RNS press release - ADMISSION OF ORDINARY SHARES & TOTAL VOTING RIGHTS ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170720075909_13301638/ Thu, 20 Jul 2017 16:59:09 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170720075909_13301638/ <![CDATA[RNS press release - AIRCRAFT PLACEMENT ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170719094100_13300204/ Wed, 19 Jul 2017 18:41:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170719094100_13300204/ <![CDATA[RNS press release - ISSUE OF EQUITY ON EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170717072259_13296855/ Mon, 17 Jul 2017 16:22:59 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170717072259_13296855/ <![CDATA[RNS press release - CONFIRMATION OF AIRCRAFT DELIVERY ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170714090207_13295404/ Fri, 14 Jul 2017 18:02:07 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170714090207_13295404/ <![CDATA[RNS press release - TURBOPROP PORTFOLIO TRANSACTION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170630070001_13278625/ Fri, 30 Jun 2017 16:00:01 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170630070001_13278625/ <![CDATA[RNS press release - AIRCRAFT PURCHASE AND BOND ISSUANCE ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170601100945_13245601/ Thu, 01 Jun 2017 19:09:45 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170601100945_13245601/ <![CDATA[RNS press release - TURBOPROP PORTFOLIO TRANSACTION ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170424120202_13201993/ Mon, 24 Apr 2017 21:02:02 +1000 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170424120202_13201993/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170331070008_13177964/ Fri, 31 Mar 2017 17:00:08 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170331070008_13177964/ <![CDATA[RNS press release - Admission and Total Voting Rights ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170330070115_13176487/ Thu, 30 Mar 2017 17:01:15 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170330070115_13176487/ <![CDATA[RNS press release - TREASURY, ADMISSION OF SHARES, TOTAL VOTING RIGHTS ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170324070006_13169891/ Fri, 24 Mar 2017 18:00:06 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170324070006_13169891/ <![CDATA[RNS press release - DIRECTORS DEALING ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170320071551_13163928/ Mon, 20 Mar 2017 18:15:51 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170320071551_13163928/ <![CDATA[RNS press release - TURBO-PROP PORTFOLIO ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170316070005_13160403/ Thu, 16 Mar 2017 18:00:05 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170316070005_13160403/ <![CDATA[RNS press release - EGAN-JONES CREDIT RATING ]]> http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170307085310_13149701/ Tue, 07 Mar 2017 19:53:10 +1100 http://www.proactiveinvestors.com.au/companies/rns/3819/LSE20170307085310_13149701/ <![CDATA[News - Avation purchases new A321-200 and leases it to Vietjet ]]> http://www.proactiveinvestors.com.au/companies/news/128781/avation-purchases-new-a321-200-and-leases-it-to-vietjet-128781.html Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has purchased and delivered a spanking new Airbus A321-200 aircraft to Vietjet.

This aircraft is the second in a series of new A321 deliveries direct from the Airbus production facility in Hamburg, Germany.

Avation said the long duration operating lease terms are typical for an aircraft of this type and it has secured an asset backed senior debt facility to support the purchase.

Companies such as Avation, and its American rivals Airlease, Aircastle and Avolon, typically acquire an aircraft then lease it on, leaving the airline to take care of all the maintenance.

A typical aeroplane might be leased on the basis of repaying back to Avation around 144% of the acquisition price over the 12 years of a contract.

"Avation remains delighted that Vietjet selected Avation to provide a series of aircraft after a rigorous selection process. We are now delighted to be delivering the second in the series of new aircraft to Vietjet. The addition of this aircraft brings Avation's fleet to 39," said Avation’s chairman, Jeff Chatfield.

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Fri, 29 Jul 2016 08:15:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128781/avation-purchases-new-a321-200-and-leases-it-to-vietjet-128781.html
<![CDATA[News - Avation sees revenues up 25% in 2015 ]]> http://www.proactiveinvestors.com.au/companies/news/127706/avation-sees-revenues-up-25-in-2015-127706.html Avation PLC (LON:AVAP) expects to report solid revenue growth when it reveals results for the full-year to June 30th on September 8th.

The aircraft leasing firm said in a trading update on Thursday that it anticipates sales in 2015 will be around US$71mln, 25% higher than the previous year.

The company, which now has 39 owned aircraft in its fleet, also noted that it is to continue with its strategy to sell off older aircraft, while delivering on its order book for new planes, the next of which is scheduled for the end of this month.

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Thu, 30 Jun 2016 12:05:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127706/avation-sees-revenues-up-25-in-2015-127706.html
<![CDATA[News - Virgin Australia's A$1bn revamp should give Avation a lift ]]> http://www.proactiveinvestors.com.au/companies/news/127153/virgin-australia-s-a1bn-revamp-should-give-avation-a-lift-127153.html The UK-listed plane leasing firm Avation PLC (LON:AVAP) should be a beneficiary of the restructuring of Virgin Australia, according to analysts.

Virgin is slashing costs and strengthening its balance sheet with an injection of A$1bn from its major shareholders.

It is also performing a ‘pivot’ (a forced strategy change to you and me) to focus on opportunities in China.

So far as Avation is concerned, Virgin Australia is the firm’s largest revenue source, although its overall impact on the group is reducing as the lease portfolio grows.

The key for the London-quoted group is the significant strengthening of Virgin’s balance sheet and, by extension, the receding credit risk posed by the airline.

This alone should positively affect both Avation’s share and bond price.

Consider this too: Virgin’s new Chinese investors provide expansion opportunities as well as capital, which should bode well for aircraft leasing companies such as Avation.

One analyst, who did not wish to be named, told Proactive: “While Avation, as it has added scale over the past year, has reduced its concentration risk with Virgin Australia, the improved financial position of Virgin Australia is extremely positive for Avation’s risk profile.”

At 11am, the shares were in a holding pattern as they changed hands for 137.3p each, which values the business at just under £78mln.

The company has a very specific niche – single aisle, twin engine planes such as the Airbus 320 and the French-Italian ATR 72 600, used by 75% of the world’s carriers for short-haul trips. The latter makes up two-thirds of the company’s fleet.

The firm has a fleet of 39, and as well as Virgin Australia its client roster includes Air France, Britain’s FlyBe, holiday firm Thomas Cook and Air Berlin.

Companies such as Avation, and its American rivals Airlease, Aircastle and Avolon, will acquire an aircraft then lease it on – the airline will then take care of all the maintenance.

The skill comes in sourcing the finance, the right aircraft and mitigating the risks involved with the transaction.

The model, when stripped down, is a little like the template used by property firms.

Avation finances its acquisitions using 75% senior, secured bank debt. A typical plane might be leased on the basis of repaying back to Avation around 144% of the acquisition price over the 12 years of a contract.

The aircraft can then be leased out for another 12 years, albeit at lower rate than a brand-spanking-new airliner.

Somewhat counter-intuitively though (and a quirk of depreciation rates versus lease income), the older models yield more than the new inventory.

Avation mitigates the risk posed by a sharp rise in interest rates by borrowing over the term of the lease, rather than over two or three years and constantly refinancing. That way it always knows it will receive more in lease payments than it shells out to the banks.

The banks, meanwhile, are keen to finance leasing deals because a new plane appreciates in value when it is leased out.

   

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Wed, 15 Jun 2016 11:12:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127153/virgin-australia-s-a1bn-revamp-should-give-avation-a-lift-127153.html