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 successfully refinances two Airbus aircraft
Commercial aircraft leasing company secured fixed-rate term loans from a major Japanese bank
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Avation amends staff share warrants worth £1.73mln
The aircraft leasing company has lowered the exercise price and extended the expiry dates of the warrants
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Avation back in profit as airline industry recovers from Covid
“The company is optimistic about a future for the leasing industry," Jeff Chatfield, executive chairman, said
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Avation forecasts return to full-year profit as air travel recovers
"Overall, we believe that air travel is gradually recovering as evidenced by global passenger numbers,” said the company's executive chairman Jeff Chatfield
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Avation leases final ATR 72 aircraft to Nepalese carrier Yeti Airlines
Nepal represents a new jurisdiction for the London-listed aircraft leasing company
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Avation credit rating hiked by S&P Global following improved air market conditions
The credit rating agency cited the company's improving capital structure and liquidity
Avation hails improved cash collection, higher aircraft valuations and fleet utilisation
The aircraft lessor said it is conducting a review of its fleet valuation, having taken a cautious approach during the pandemic and made impairments in both of the past years
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First sustainable fuel flight sparks new era, says plane maker ATR
Aircraft lessor Avation also welcomed the announcement - it owns 28 ATRs
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Avation gets permission from FCA to list its bondholder warrants
A previously announced timetable was delayed as the FCA closed for two weeks over Easter
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Avation extends Airbus A320-200 easyJet lease by 44 months
The expiry date for the lease has been extended from March 2023 to October 2026
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Avation sees sustainable future through its ATR orderbook
Avation believes that the rising fuel prices will increase demand for planes and engines which are more sustainable
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Avation agrees payment plan for last of Covid-19 arrears
Arrears will be recovered as an amortizing loan in aggregate of US$25.9mln
Avation calls for prompt payment of claims against Virgin Australia now litigation has been settled
As of this date, Avation has no active litigation with Virgin's Trustees nor any of its other clients but it is still waiting for the money it is owed
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Avation makes senior hire
Formerly the chief executive of AerCap Group Services, one of the world’s largest aircraft leasing companies, Soeren Ferre will assist with commercial projects including leasing and trading aircraft
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Avation inks LOIs to lease and sell multiple aircraft
"It is pleasing to have only three remaining aircraft to market and transition," said executive chairman Jeff Chatfield.
Avation's fleet utilisation picks up as air travel recovers from Covid
“We are seeing increased interest from airlines to buy or lease aircraft at sustainable lease rates"
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Avation reports improved liquidity, revenue collections as airline industry recovers
The commercial passenger aircraft leasing company finished December with US$121mln of cash in the bank and 42 aircraft in its fleet
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Avation boosted by Philippine Airlines restructuring
"The restructuring of Philippine Airlines Ltd is a significant recovery and positive development," said Avation's Jeff Chatfield
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Avation optimistic about the long-term air travel opportunity
The company held its AGM earlier today in Singapore.
Avation agrees sale of three planes to Aegean Airlines
The aircraft were among five ATR 72-600s returned following the voluntary administration of Virgin Australia
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Avation completes sale of its oldest aircraft
"Avation has a policy of focusing on new design, young and fuel-efficient aircraft," said executive chairman Jeff Chatfield
Avation updates on lease situation after media speculation
"All the company's leases remain in force and ongoing, save as otherwise announced,
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Avation on the up after completing sale of an Airbus A220-300 aircraft
The rationale for the sale, from Avation's perspective, is portfolio management and to increase liquidity
Avation enters preliminary agreements to transition, sell aircraft
The group stressed both of these transactions are not finalised yet
Avation says cash situation improving as air travel recovers
Avation will emerge from the pandemic with a smaller fleet with high levels of utilisation
Avation repays outstanding ECA loans associated with 8 eight aircraft formerly leased to Virgin Australia
“It is pleasing that commercial bank aircraft lending appears to be reopening following the disruption caused by COVID-19," said executive chairman Jeff Chatfield
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Avation says Philippine Airlines restructuring would return leased aircraft to revenue generation
PAL uses a Boeing 777-300ER supplied by the UK-listed company
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Avation says sale of Airbus A220-300 “demonstrates that the secondary market in the latest technology single-aisle aircraft is robust and active”
“The rationale for the sale, from Avation's perspective, is portfolio management and to increase liquidity," said chairman Jeff Chatfield
Avation says its claims against Virgin Australia have been adjudicated
A distribution is on its way but the company does not yet know how much or when
Avation climbs as it inks leases for three ATR aircraft
The aircraft have been leased to Australian carrier Hevilift
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Avation writes down the value of its fleet but is expecting valuations to recover
The company has reviewed the valuation of its fleet and is not expecting to make any more write-downs as there is evidence in the marketplace of valuations starting to recover
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Avation sells off another aircraft formerly leased to Virgin Australia
The company has also reduced the number of firm orders it has with ATR for new aircraft, while retaining the flexibility to order more should demand pick up.
Avation updates on revenue collection and cash as it manages pandemic impact
Executive chairman Jeff Chatfield said the aircraft leasing firm is also "well situated to take advantage of the recovery in the airline industry" as the COVID-19 pandemic receded
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Avation announces aircraft sale
The aircraft leasing firm said the ATR 72-600 aircraft is currently on lease to US-Bangla Airlines, Bangladesh’s largest private airline
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Avation at cruising altitude with solid portfolio of airline customers
The company’s current fleet is comprised of 49 aircraft including Boeing and Airbus models
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Avation delivers new ATR-600 to US-Bangla Airlines
“We are starting to observe recovery in the air travel industry, notably in the regional sector"
Avation raises £7.5m as it readies for air travel restart
The group has focused on preserving its liquidity during the crisis
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Avation says underlying business remains profitable
The company unveiled US$46.7mln of (non-cash) impairments.
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Avation agrees 5 year bond extension
The agreement gives Avation the financial flexibility to survive the pandemic and develop its business
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Avation highlights ongoing profitability, medium term opportunity for air travel sector
The commercial aircraft leasing firm reported a pre-tax profit for the year to June 30 of US$14.7mln, adding that lease revenue in the period rose 14% to US$135.3mln despite disruption caused by the coronavirus pandemic
Avation stays in profit and focuses on liquidity as airlines struggle
Exposure to Virgin Australia, which went bust earlier this year, is US$74.7mln
Avation updates on aircraft fleet and lease transactions
Since the start of the coronavirus pandemic, the company said it has completed 12 aircraft transactions including lease extensions, sales and the origination of new leases
Avation plays down the impact of Virgin Australia going into administration
Avation had leased 13 aircraft to Virgin Australia, five of which have already been leased to other airlines and the others have either been returned to Avation or will be soon
Avation not aware of any decision by Virgin to return five ATR72-600 aircraft
Avation said it has an agreement with the administrator of Virgin Australia to ensure that the aircraft are properly maintained and stored, and that it will liaise with Virgin regarding the use of the five planes
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Avation reports strong cash balance as airline customers return to the skies
“The company is fortunate that some of its largest customers are in countries where there has been comparatively lower impact from the pandemic,” said executive chairman Jeff Chatfield
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Avation inks leasing agreements five former Virgin Australia aircraft
The agreements include the leasing of two ATR 72-500s to another commercial airline in Australia until the end of 2021
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Avation ends strategic review and formal sale process
The aircraft leasing firm said market disruption caused by the coronavirus meant a sales process was “unlikely to produce an outcome that accurately reflects the long-term value of the company"
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Avation agrees six-year lease extension with Asian flag-carrier
"We feel it is prudent in terms of risk mitigation to extend the duration of this lease to the year 2028," said chief executive Jeff Chatfield
Avation notes lessor airline Virgin Australia in voluntary administration
Avation suggested the airline's move is a "procedural step" ahead of a possible sale, restructuring and/or refinancing
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Avation soars as it says it can operate ‘for an extended period’ during coronavirus pandemic
The company also said it is offering a package of support for its airline clients as the industry comes under pressure from global travel restrictions
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Avation terminates aircraft leases with FlyBe following airline’s collapse
The two ATR 72-600 planes will now be directly leased to Scottish carrier Loganair, which was previously sub-leasing the aircraft from FlyBe
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Proactive news snapshot: Avation, United Oil & Gas, Shanta Gold, AFC Energy …
A glance at some of the day's highlights from the Proactive Investors newswire
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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"
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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"
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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
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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
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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
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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
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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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Proactive news snapshot: Avation, Open Orphan, Echo Energy, Tremor International …
A glance at some of the day's highlights from the Proactive Investors newswire
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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
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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
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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
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Avation expects to report record half-year revenues
The company's business continues to perform satisfactorily
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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"
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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
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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
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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
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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
Proactive news snapshot: Avation, Anglesey Mining, Ceres Power
A glance at some of the Thursday's highlights from the Proactive Investors newswire
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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
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Avation delivers new aircraft to South Asian client
The plane is on a financial lease to the airline for six years
Investments and investor services
Renalytix AI gets payment code for its lead product
A look at the day's major movers, including Upland Resources, Mosman, Malvern International, Lekoil, AA, Prospex, Frontier Smart and Future
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Proactive news snapshot: Mosman Oil & Gas, OptiBiotix Health, Highlands Natural Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Avation rises as leasing business expected to report record revenues for 2019
The aircraft lessor said that in the coming year it would continue to focus on growing its fleet of 48 planes
Investments and investor services
FTSE 100 closes higher as global markets buoyed by US, China talks
The UK's premier share index closed around 73 points higher at 7,499, while FTSE 250 was also up - around 170 points to 19,632
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Proactive news snapshot: Richland Resources, Kromek, Powerhouse Energy, Allergy Therapeutics …
A glance at some of the day's highlights from the Proactive Investors newswire
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Proactive news snapshot: Union Jack Oil, Ethernity Networks, hVIVO, Intosol Holdings …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Amigo friendless after broker downgrade
A look at the day's major movers, including Primorus, Staffline, Dukemount, Premier Technical Services, Babcock, Hummingbird and Serabi Gold
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Avation teams up with GE to help manage its fleet’s documentation
The Asset Transfer System will help Avation and its customers to manage and organise important documents
Investments and investor services
FTSE 100 closes higher Monday, just, as traders sit on hands
Footsie closed around 11 points higher at 7,357 at the start of the week, while mid-cap cousin FTSE 250 gained over 39 points
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Proactive news snapshot: Stobart Group, IQ-AI, Alba Mineral Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
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Netcall among Wednesday’s strugglers as its by NHS purchasing delays
Here's Wednesday's look at the major stock market movers
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Avation completes Boeing 737-800 NG acquisition, delivers ATR 72-600 to Cebu Air
The aircraft leasing firm had previously announced the Boeing acquisition in March, which now takes its portfolio to 47 aircraft and expands its customer list to 17 airlines
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Proactive news snapshot: Strategic Minerals, Westminster Group, Victoria Oil & Gas, ImmuPharma …
A glance at some of the day's highlights from the Proactive Investors newswire
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Avation delivers sixth Airbus A220-300 to airBaltic
The aircraft leasing firm said the 12-year lease for the aircraft had commenced on 15 May and was the last in the series of aircraft contracted to airBaltic
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Proactive news snapshot: Gaming Realms, Sareum Holdings, Anglo Asian Mining …
A glance at some of the day's highlights from the Proactive Investors newswire
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Proactive news snapshot: Argo Blockchain, CentralNic, Europa Metals...
A glance at some of the day's highlights from the Proactive Investors newswire
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Avation adds new customer in the Philippines
Financing terms for the aircraft were good said executive chairman Jeff Chatfield.
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Proactive news snapshot: Itaconix, Tekcapital, DP Poland, Alba Mineral Resources...
A glance at some of the day's highlights from the Proactive Investors newswire