FTSE 100 reverses and closes in red as City packs up for Christmas
The Office for National Statistics (ONS) says that UK GDP grew by 1.7% in the three months to September
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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Proactive news snapshot: Victoria Oil & Gas, Avation, Kennedy Ventures ...
A glance at some of the day's highlights from the Proactive Investors newswire
Vela Technologies jumps as it nets around £101,207 from the sale of further shares in Canadian blockchain firm
A look at some of the biggest risers and fallers today in London
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Avation planning to address shares' discount to net asset value "when conditions permit"
The shares currently trade at a discount to net asset value per share, suggesting the market has not noticed the company's evolution to a full-service aircraft lessor
Investments and investor services
FTSE 100 closes in red; IMF cuts UK growth forecasts
The FTSE 100 index closed down 18.87 points at 7,525 on a day of light volumes
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Has Christmas come early for the CBI Distributive Trades Survey?
Last month, the survey reported a pick-up in retail sales following a dip in October, but the report also highlighted the strongest growth in average selling price in over 26 years, highlighting the march of inflation
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Proactive news snapshot: ValiRx, PowerHouse Energy, Chaarat Gold …
A glance at some of the day's highlights from the Proactive Investors newswire
One Media IP leaps as former BBC boss Michael Grade invests in the music rights holder
A look at some of the biggest risers and fallers on Monday in London
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Avation makes first twin-aisle aircraft delivery
Philippine Airlines will use the new aeroplanes primarily on routes from Manila to North America
FTSE 100 closes higher as US tax reform hopes cheer global traders
The UK blue chip index closed up 46.44 points at 7,537
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Little stuffing for the turkeys in final trading week before Christmas, and beyond
The corporate news diary is, not unsurprisingly, almost completely empty, while the macro calendar is also pretty Spartan aside from two CBI surveys and final UK GDP data
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Proactive news snapshot: Synairgen, Iofina, Atlantis Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Scancell Holdings soars after "stunning endorsement" of its ImmunoBody platform
Cancer Research UK was immensely impressed with the company and its technology
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Avation secures aircraft revolving facility agreement with leading international bank
The AIM-listed firm said the initial facility amount is US$100mln with interest based on either fixed or floating rates. The optimal duration for loans under the facility is up to 36 months
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
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Proactive news snapshot: Amphion Innovations, Mporium Group, PCF Group …
A glance at some of the day's highlights from the Proactive Investors newswire
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Avation delivers aircraft for lease to Mandarin Airlines
The leases for the aircraft are at market rates and will last for eight years
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Proactive news snapshot: Newmark Security, KEFI Minerals , Highlands Natural Resource …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Prospex holds higher, KEFI & Andalas drop
Some of the biggest risers and fallers in London on Monday
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Avation delivers first of three ATR 72-600 planes to Mandarin Airlines
The other two planes will be delivered before the end of the year
Investments and investor services
FTSE 100 closes in red as sterling nudges higher; Glaxo top riser
It was an up then down day for the FTSE 100 and the Bitcoin cryptocurrency set new highs.
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Avation should be trading at a premium to NAV, Canaccord Genuity says
“Contrary to airlines, leasing companies like Avation have excellent long term revenue visibility and are consistently profitable,” the broker said.
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Proactive news snapshot: Lionsgold, Iofina, IXICO, Ades, Nanobiotix
A look at some of the day's highlights from the Proactive Investors newswire
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Avation takes out options on more aircraft
The lessor has also issued US$20mln of bonds to finance the fleet expansion
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Proactive news spotlight - Xtract Resources, Directa Plus, IronRidge Resources, Avation, BOS GLOBAL, appScatter, Akers Biosciences, Belvoir Lettings
It was another busy day for London's junior miners, drug developers and technology groups.
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Avation hires new vice president of marketing
"The company has established an executive training and recruitment programme to identify and develop human talent,” said Jeff Chatfield, Avation executive chairman
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Proactive news snapshot: Victoria Oil & Gas, Shanta Gold, Belvoir Lettings,Cabot Energy
A look at some of the day's highlights from the Proactive Investors newswire
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Proactive news spotlight: Stratex, Lionsgold, Horizonte Minerals, Tertiary Minerals, Tlou, Lekoil, Eland Oil & Gas, NetScientific, Nasstar, Centralnic, Feedback, Challenger Acquisitions, European Wealth, BB Healthcare, RM Secured Direct Lending
A round-up of the days news from the small caps universe
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Avation to launch new round of debt finance
The proceeds will be used for the purchase of aircraft and to refinance secured debt
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Avation signs lease transition for Airbus A320-200 aircraft to easyJet from Air Berlin
The aircraft leasing company's executive chairman, Jeff Chatfield said: “Avation does not expect any financial impairment, material loss nor gain associated with the transition of the aircraft from Air Berlin to easyJet"
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Avation announces purchase of two twin-aisle airliners to grow and diversify its portfolio
The commercial passenger aircraft leasing company said it has acquired a Boeing 777-300ER twin-aisle aircraft from another lessor and is scheduled to deliver it to Philippine Airlines
FTSE 100 closes lower ahead of FOMC minutes
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60
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Avation freshening up the fleet (as usual)
A bit like Doctor Who, the company likes to regenerate periodically
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Proactive news snapshot: Newmark Security, Abzena, accesso Technology …
A glance at some of the day's highlights from the Proactive Investors newswire
Metminco surges as its gets go-ahead for underground development at Miraflores
Some of the main news-driven risers and fallers at 3.45pm...
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Avation signs long-term leases for four aircraft
In response to an analyst question, Avation confirms that it has signed a new lease for a mid-life Airbus A321. The other three are the ATR 72-600s referred to in July's stock market statement
Investments and investor services
FTSE 100 closes firmly lower as pound strengthens; Next surges
Sterling surged past US$1.33 shortly after the Bank of England voted in favour of keeping interest rates at 0.25%, with analysts describing the move as a 'hawkish hold'
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Proactive news snapshot: Stratex International, Chariot Oil & Gas, ValiRx …
A glance at some of the day's highlights from the Proactive Investors newswire
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Avation flies higher after reporting record full-year revenues and profits
“Avation is pleased to report record revenue, profit and operating cashflow in the year to 30 June 2017”
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Proactive news snapshot: Sound Energy, Horizon Discovery, Hurricane Energy, Gemfields...
A glance at some of the stories on the Proactive newswire today
Investments and investor services
FTSE 100 finishes over 40 points ahead with housebuilders in support
The blue chip index closed up 40.69 at 7,430 on the day
FTSE 100 fades despite demand for miners
The Footsie closed down on the day but up on the week
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Proactive news round-up: Hurricane Energy, Hayward Tyler, San Leon Energy...
A galnce at thestories on teh Proactive Newswire today
Eden Research rallies on new commercial agreements, SerVision slumps on wider loss
A look a the biggest risers and fallers of London's small cap stocks
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Avation sees plane leasing revenues jump by a third; hikes divi
Revenue for the 12 months to today (30 June) is expected to come in at US$94mln – a 32% year-on-year rise
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Avation issues loan notes to finance purchase of a new ATR72-600 aircraft
The company is expected to take delivery of an additional new ATR72-600 aircraft in June 2017
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Proactive news round-up: Avacta Group, Galantas Gold, Aminex …
A glance at some of the stories on the Proactive newswire today
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Avation to net US$31mln as it confirms sale of six planes
Avation began talks to offload the ATR 72-600s last month and those discussions have now materialised into a definitive sale and purchase agreement
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Avation ready to fly as it prepares to invest in its fleet
In the past year, the firm has lowered the average age of its fleet, increased the average lease term and it’s now looking to add to its portfolio of planes
Market likes Amerisur 's Colombia acquisition
Some of the main risers and fallers at 3.45pm: Amerisur Resources, PCG Entertainment
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Avation in talks to sell off six aircraft for ‘more than book value’
The deal, if it goes through, will generate net proceeds of US$31mln for the plane leasing company
Investments and investor services
FTSE 100, 250 and smallcaps all mark record highs after Fed rate hike and cap
FTSE 100 stocks ended solidly higher on Thursday after chalking a fresh record high as investors reacted to a tempered rate hike outlook in the US and relief at the defeat of the anti-immigration Freedom party in the Dutch election
ValiRx and Faron highlight different sides of pharma funding
Some the largest rises and fall at 3pm: ValiRx, Faron, Jersey Oil
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Japan Credit Rating Agency gives Avation a long-term issuer rating of BB with a ‘stable’ outlook
JCR said: ”The rating on Avation reflects its logical strategy toward customer diversification, steady growth with good cash flow visibility and conservative financial policy.”
FTSE stocks mark record highs with Wall St as Trump boosts construction, commodity stocks
FTSE 100 stocks, just like Wall Street, defied soothsayers’ prognoses that investors didn’t much like a threadbare speech to Congress from US President Donald Trump overnight, and pledged their vote to his spending ambitions as record heigh
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Proactive news round-up: EG Solutions, Avation, Gulfsands Petroleum ...
A glance at some of the stories on the Proactive newswire today.
Metal Tiger strongly extends yesterday's leap; Laura Ashley drops
The main risers and fallers around 2.45pm included Metal Tiger, CloudTag, Laura Ashley ...
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Avation powers ahead
Book value per share rose 41% to US$3.10 from US$2.20. Avation shares currently trade at just below £2.
Investments and investor services
FTSE shares ease with lower Wall St and ex-dividend stocks
FTSE 100 shares closed lower, dragged down by weaker US stocks and a flurry of ex-dividend stocks in London
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Week ahead: Shire continues pharma newsflow; Rolls-Royce results also key
Shire will complete the fourth-quarter results announcements from the FTSE 100-listed pharma giants following numbers from Astra and Glaxo
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Avation closes financing facility
"We are very pleased to add Avation to the growing list of customers of Novus" said Mounir Kuzbari, MD at Novus.
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Proactive news round-up: Vast Resources, Tavistock Investments, Asiamet Resources ...
A glance at some of the stories on the Proactive newswire today
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Avation completes 2016 new aircraft delivery programme
The final Airbus delivered to VietJet this year is equipped with CFM International CFM56-5B3/3 engines and seating for 230 passengers
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Proactive news round-up: Abenza, Falcon Oil & Gas, Aviation ...
A glance at some of the stories on the Proactive newswire today
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Avation flogs off its ageing Fokkers
The craft were more than 20 years old and have been sold at a price on or around book value
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Avation leases latest Airbus plane to Vietjet
The new Airbus will deployed by Vietjet in its expanding route network of domestic and international destinations from multiple bases in Vietnam.
Proactive news round-up: Atlantis Resources, Midatech, AdEPT Telecom...
A round-up of the stories on the Proactive newswire today
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Avation to consider divi if portfolio sale goes through
The firm has received an expression of interest for the 22 planes, which consist of relatively new aircraft
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Avation delivers and sells another A321-200 to VietJet Air
It is the fourth sale and delivery of an order for six new A321-200 aircraft to VietJet Air.
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Avation shares fly higher on portfolio purchase proposal
The group told investors the net proceeds of any deal would need to deliver shareholders significant value above book value
Proactive news summary: Ariana, Avation, Advanced Oncotherapy, Circle Oil, COPL, Feedback, Highlands Natural Resources, Hurricane Energy, Horizon Discovery, Kromek, Ortac ...
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
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Avation's fleet metrics underscores strategy
The average aircraft fleet age at the end of September this year was 3.2 years (5.4 years in 2015).
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Avation sells off two Airbuses to focus on newer craft
The leasing specialist said the 2003 built Airbus A321 aircraft which were leased to Thomas Cook Airlines have been sold
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Avation successfully scaling up
The firm rents out aircraft to airlines around the world, including Thomas Cook and Virgin, and it currently has a fleet of 38 planes.
Proactive news highlights: Avation, Deltex Medical, Harvest Minerals, Sound Energy and more...
The window for all appeals against Sirius Minerals' North Yorkshire project has ended, Tower Resources raises £1.03mln of new capital and Avation has reported record revenues.
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Avation flying high as it posts record final results
For the year to June 30, the firm reported a 25% increase in lease revenue to US$71.2 million
PREVIEW: Will Dechra Pharmaceuticals live up to heightened expectations?
Dechra Pharmaceuticals, housebuilders Berkeley and Barratt, Halfords, Dixons Carphone, and JD Whetherspoon are on the agenda.
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Avation chosen again by Vietjet
Vietjet is a regular customer of aircraft leasing specialist Avation
Proactive news highlights: Alecto Minerals, Image Scan, LGO Energy, MySQUAR and more...
LGO Energy has successfully recompleted the GY-277 well, Image Scan is on track to break even, and Avation has purchased and delivered another brand new Airbus.
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Avation leases another new A321-200 to Vietjet
This is the third brand new plane Avation has bought and then leased out to Vietjet this summer
Proactive news highlights: Avation, Anglesey Mining, ITM Power, Stride Gaming, Westminster Group and more...
ITM Power is seeing more customer interest for its hydrogen power storage, Stride Gaming is set to double its share of the online bingo market and both of Westminster Group's passenger ferries will begin sea trials next month.
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Avation purchases new A321-200 and leases it to Vietjet
The aeroplane will be employed by Vietjet on its expanding route network of domestic and international destinations
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Avation sees revenues up 25% in 2015
Avation anticipates sales in 2015 will be around US$71mln
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Virgin Australia's A$1bn revamp should give Avation a lift
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.
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FDA's ZS-9 ruling just a "bump in the road" for AstraZeneca
News from drugs giant Astra this morning was like the proverbial curate’s egg: good in parts.
Proactive news highlights: Avation, Bacanora, CloudTag...
Fastjet is looking to remove Colin Child, Avation delivers the first in a series of new Airbuses to Vietnam and brokers call Haydale Graphene's collaboration with US chemical firm 'game changing'.
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Avation delivers new airbus to Vietjet
Avation has successfully delivered the first in a series of new Airbus A321s to Vietnam carrier Vietjet on schedule.
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Avation provides key stats for newly enlarged aircraft fleet
The Avation fleet, as at May 2, comprised 38 aircraft with an average fleet age of 4.4 years and with an average remaining lease of 6.4 years.
Proactive news highlights - Avation, Blur Group, Minds + Machines, Galasys and more...
Avation delivers another 600 seater, Green Dragon posts first profits and less is a more at blur Group.
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Avation delivers fifth aircraft to FlyBe
Aircraft leasing group Avation PLC has bought and delivered a fifth new ATR 72-600 passenger plane to regional airline Flybe Group PLC.
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Proactive News Summary: Avation PLC, Fastjet PLC, Minds + Machines PLC and more
Avation increases fleet size, Minds + Machines strikes two transformational deals and encouraging results from Metal Tiger.
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Proactive news summary: Avation PLC, Eckoh PLC, Versarien PLC and more
Avation delivers a new Airbus to Thomas Cook, Greka Drilling secures a loan and Eckoh wins a five-year deal with US clinical care provider.
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Avation PLC delivers new Airbus to Thomas Cook Airlines
The company has entered into an asset-backed senior debt facility with an existing lender in order to finance the acquisition of this aircraft.
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Proactive news summary: ANGLE PLC, Avation PLC, CloudTag, DP Poland and more...
"Outstanding" and unexpected results at the Horse Hill site near Gatwick, Amur Minerals completes its annual ice road and a potential breakthrough for ANGLE cancer testing.
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Proactive news summary: Avation PLC, Mind + Machines, Rex Bionics PLC and more...
Rex Bionics signs with the US Army, FairFx is set to see a cash injection from activist investors and Forbidden Technology sign its first deal with the South African public sector.
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Proactive news summary: Avation, Petroceltic, Photo-Me, Sound Energy and more...
A 'deeply insulting' takeover for Petroceltic, ministry approval for North River and Japanese success for Photo-Me.