Avation has a very specific niche – single aisle, twin engine planes.
The leasing firm PLC () has increased its fleet size to 37 aircraft in 2016 from 33 at the end of last year, which has brought the average age down to 4.5 years from 5.2.
The remaining lease term has grown by 12 months in the first quarter to 6.7 years and the has 100% fleet utilisation.
“The company has delivered a series of brand new aircraft to airlines during 2016; these aircraft have added scale and also improved the age and lease term metrics,” said chairman Jeff Chatfield.
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.
Its customers include firms such as Virgin Australia, Flybe and Thomas Cook Airlines.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Avation PLC named herein, including the promotion by the Company of Avation PLC in any Content on the Site, the Company receives from said...
FOR OUR FULL DISCLAIMER CLICK HERE