Avation PLC (LON:AVAP)

Avation PLC (LON:AVAP)


Share Price
271.95 p
Change
-0.05 (-0.02 %)
Market Cap
£174.89 m
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Avation PLC

Welcome to Avation

Avation PLC is a specialist commercial passenger aircraft leasing company managing a fleet of aircraft which it leases to airlines across the world. Our customers include Flybe, Virgin Australia, Thomas Cook, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Galistair, airBaltic and Danish Air...

EPIC: AVAP
Market: LSE:AVAP
52-week High/Low: 299.000p / 214.000p
Sector: Transportation
Market Cap: £174.89 m
Website: www.avation.net
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Big Picture – A Deep Dive Examination of Avation PLC


Avation PLC Snapshot

 

COMMERCIAL PASSENGER AIRCRAFT LEASING SPECIALISTS

Avation PLC is a commercial passenger aircraft leasing company that was incorporated in England and Wales in 2006 and whose shares are admitted to the standard segment of the UK listing authority's official list and are traded on the Main Market of the London Stock Exchange (LSE: AVAP).

Avation owns and manages a fleet of aircraft which it leases, through its subsidiaries, to airlines across the world. Our customers include Flybe, Virgin Australia, Thomas Cook, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Galistair, airBaltic and Danish Air Transport. The company’s fleet includes Airbus A320 family aircraft as well as Fokker 100 and ATR 72.

SPECIALIST MANAGEMENT TEAM

Avation’s management team has extensive experience in all areas of the aviation industry and has the expertise to select aircraft to bring under Avation’s management that will deliver value to the company, performance to its customers and returns to its shareholders.

FINANCIAL GROWTH

Coinciding with the expected delivery of the ATR 72 and potential acquisitions of other aircraft, Avation will continue to grow in terms of the size and quality of its managed fleet and the financial returns it generates.

Aircraft Portfolio

Avation PLC owns through its subsidiaries a range of commercial passenger aircraft which are leased to various airlines in Europe, Asia and Australia.

Aircraft Fleet Orders/Pending Options/PR
Boeing 777-300ERBoeing 777-300ER 1 - -
Airbus A330-300Airbus A330-300 1 - -
Airbus A321-200A321-200 7 - -
Airbus A320-200A320-200 3 - -
Airbus A220-300A220-300 6 - -
Boeing 737-800Boeing 737-800NG 1 - -
Fokker 100Fokker 100 5 - -
ATR 72-600ATR 72-600 17 11 25
ATR 72-500ATR 72-500 6 - -
TOTAL 47 11 25


Available Aircraft

LEASING

 
Aircraft Type MSN YoM Engines Seating Sale / Lease Available Remarks
ATR 72-500ATR 72-500 - 2011, 2012 PW127M 68 - 72 Lease or Sale 2017 -
ATR 72-600ATR 72-600 - 2018 PW127M 68 - 72 Lease 2018 New aircraft

For more information, please contact:

Rod Mahoney, Chief Commercial Officer
Email: [email protected]
Tel: +65 6252 2077

Board of Directors

Jeff Chatfield

JEFF CHATFIELD
Executive Chairman

Jeff Chatfield
Mr Chatfield is the Executive Chairman of Avation PLC and has been instrumental in founding and growing the Company. Mr Chatfield has managed and been a director of a number of companies involved in the airline industry, data distribution, electronics, investment, broadcasting and manufacturing sectors. He has Bachelor of Engineering and Master of Engineering Science degrees from the University of Western Australia. He is a graduate member of the Australian Institute of Company Directors and is a Fellow of the Singapore Institute of Directors.

He was born in Perth, Australia and is a Permanent Resident of Singapore.


Dr Stepen Fisher PHD

DR STEPHEN FISHER PHD
Non-Executive Director

Dr Stepen Fisher PHD
In addition to his role at Avation PLC, Stephen is Chairman, Principal and Chief Investment Officer of First Degree Global Asset Management Pte. Ltd., a privately owned asset management company in Singapore founded in 2011. First Degree Global Asset Management operates a number of strategies for its clients including a Fixed Income focused hedge fund.

Stephen has had two decades experience as an investment professional with leading investment management groups in the United States, Asia and Australia. From 2000 to 2011 he was Managing Director and Head of Global Fixed Income Product - Asia Pacific at JPMorgan Asset Management. Stephen held the positions of Australian Head of Capital Markets Research from 1992 - 1996, and Asia Pacific Regional Head of Capital Markets Research at J.P. Morgan Investment Management, Inc. from 1996 - 1998.

Stephen’s particular areas of expertise are in quantitative analysis of fixed income, equities, asset allocation and derivatives. He has advised Central Banks and Sovereign Wealth Funds on their reserves management practice, and his research on investment management issues has been widely published in academic and industry journals.

Stephen has a Master of Science (Finance) and a PhD (Finance) from the WE Simon Graduate School of Business Administration, University of Rochester, New York and a Bachelor of Economics (First Class Honours) from the University of Sydney.

 

Roderick Douglas Mahoney

RODERICK DOUGLAS MAHONEY
Executive Director

Roderick Douglas Mahoney
Mr Mahoney was appointed an Executive Director of the Company in December 2011. He currently holds the position of Chief Commercial Officer with the Company and was previously a fleet planning and aircraft procurement consultant to the Company prior to his appointment.

Previously he was a project advisor to a variety of Asia-Pacific airlines, suppliers and other aviation businesses and consulted to Virgin Blue and V Australia for 3 years. Before that, he held various executive positions at the aircraft manufacturer, Airbus for 23 years, largely within the sales division, and was responsible for sales valued at some US$10bn in the European, Asian, Chinese and Pacific regions.

Mr Mahoney holds a Masters degree in Applied Finance (MAppFin) from Macquarie University in Sydney, a Masters in Air Transport (MSc) from Cranfield University in the UK, a Bachelor of Science Degree in Aeronautical Engineering (BSc. Hons) and is a graduate member of the Australian Institute of Company Directors and a member of the Singapore Institute of Directors. Mr Mahoney holds dual nationality of Australia and Great Britain.

 

Derek Sharples

DEREK SHARPLES
Non-Executive Director

Derek Sharples
Mr Sharples has had a life long interest in aviation. He is a Singapore resident and the ex-CEO of Airbus Helicopters Southeast Asia. Previously Mr Sharples was Corporate Secretary and Head of Legal and export control department at Airbus in Toulouse, France. He has experience as a Director of a Toronto Listed public company (Vector Aerospace Corporation) and companies in Thailand, Singapore and Indonesia.

Mr Sharples has a Bachelor of Engineering and a Master of Business Administration from the Cranfield School of Management. He is a licenced pilot, a Fellow of the Royal Aeronautical Society (FRAeS) and retired with the military rank of Commander, Royal Navy.

Mr Sharples is a member of the Singapore Institute of Directors and a Fellow of the Royal Aeronautical Society (FRAeS). He holds dual British and French Nationalities.
 

Senior Management

 

Richard Wolanski

Richard Wolanski
Finance Director

Mr Richard Wolanski, B.Comm, ACA, is a Chartered Accountant and his qualifications include a Bachelor of Commerce from the University of Western Australia.

He has provided corporate, strategic and financial advisory assistance to public companies in Australia, Singapore and the United Kingdom. Mr Wolanski has significant corporate experience during his career serving in a range of Executive Director and Chief Financial Officer Company roles. In his current role as Finance Director at Avation PLC, he is primarily responsible for maintaining access to equity capital.


Iain Cawte

IAIN CAWTE
Chief Financial Officer

Iain Cawte
Mr. Iain Cawte is a Chartered Accountant with over two decades experience with companies operating in the transportation and energy trading sectors. He has served in senior financial management and director level roles in Singapore since 2008. As Chief Financial Officer for the Group, Mr. Cawte leads our finance team and is primarily responsible for corporate reporting, strategic planning, risk management and tax.

Mr. Cawte holds a degree in Mathematics from the University of Manchester and is a member of the Institute of Chartered Accountants in England and Wales.
 

Ashley Nicholas

ASHLEY NICHOLAS
Director, Corporate Finance

Ashley Nicholas
Mr Nicholas currently holds the position of Director, Corporate Finance and is the main point of contact for all of the group’s banking relationships and asset backed finance.

Prior to this appointment, Mr Nicholas was a Director at an international general aviation group where he was involved in financing, negotiating and contracting of approximately 200 aircraft transactions. Mr Nicholas has also held an appointment at Bell Helicopters where he was responsible for sales within the Asia Pacific region. Mr Nicholas also holds auditing, accounting and business development experience.

Mr Nicholas is a Fellow of the Institute of Chartered Accountants in England and Wales, holds an MBA (with Finance Concentration) from the University of Chicago, Booth School of Business and a BSc in Mathematics and Management from Kings College, University of London. Mr Nicholas was born in the United Kingdom and is a permanent resident of the Republic of Singapore.



 

For information on shares please click here

Avation PLC

65 Kampong Bahru Road
#01-01

Singapore 169370
Tel: +65 6252 2077

 

 

CORPORATE CONTACT

Jeff Chatfield, Executive Chairman
Email: [email protected]

Richard Wolanski, Finance Director
Email: [email protected]

 

LEASING CONTACT

Rod Mahoney, Chief Commercial Officer
Email: [email protected]

 

TRADING CONTACT

Sumit Vasudeva, VP Commercial
Email: [email protected]

 

TECHNICAL CONTACT

Andrew Thie, VP Technical
Email: [email protected]

 

INVESTOR CONTACT

Email: [email protected]

 

CORPORATE STOCK BROKERS

W H Ireland Limited
James Joyce
24 Martin Lane, London EC4R 0DR
United Kingdom
Tel: +44 (0) 20 7220 1666
Fax: +44 (0) 20 7220 1667
http://www.wh-ireland.co.uk

Canaccord Genuity Limited
88 Wood Street, London EC2V 7QR
United Kingdom
Andrew Buchanan
Tel: +44 (0) 20 7523 4661
www.canaccordgenuity.com

 

 

SHARE REGISTRAR

Computershare Investor Services PLC
The Pavilions
Bridgwater Road, Bristol BS99 6ZZ
United Kingdom
Tel: +44 (0) 870 707 1002
Fax: +44 (0)870 703 6116
www.investorcentre.co.uk/contactus

 

Dividend Payments
The Board of Directors of Avation PLC (the Company) has determined that future dividend payments of the Company will be made by default in US Dollars (USD).

The Company’s functional currency is USD and its assets, liabilities and revenues are denominated in USD. Recognising that the Company’s business is USD denominated and to reduce exchange rate volatility risk to shareholders, future dividends will be declared and paid in USD.

Shareholders who prefer to receive dividends in British Pounds (GBP) can elect to receive GBP (see link below). For shareholders who elect for GBP dividend payment the exchange rate for conversion of the USD dividend to GBP will be published by the Company in advance of payment. The default option for payment of dividends will be USD cheque and shareholders who do not elect to receive GBP will be paid dividends in USD in future.

 

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