Going up or down ?
As the original thread was cancelled today (and with the large swings in the share price) i thought we needed another one

New Client for Four New Aircraft
RNS
RNS Number : 5387F
Avation PLC
23 February 2015



LSE: AVAP

23 February 2015

AVATION PLC

(the 'Company')

NEW CLIENT FOR FOUR NEW AIRCRAFT

Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, has entered into lease agreements for four new aircraft to be operated by UK commercial airline Flybe.

The four new ATR72-600 aircraft will be progressively delivered new to Flybe during the course of 2015 and early 2016. The lease rate revenues are consistent with operating leases of this type and term. The initial duration of the leases is six years with the client having further optional six year extension provisions.

The Company owns a significant number of option delivery positions on new ATR72-600 aircraft. The above aircraft represent three of the 2015 option delivery positions and one 2016 delivery position.

To provide a platform for further medium term growth the Company has firmed up its options with the manufacturer ATR for the delivery of five additional new ATR72-600 aircraft in 2016.

Jeff Chatfield, Executive Chairman of Avation PLC, said: "It is pleasing to continue to diversify the airline operator base of aircraft owned by the Company with the addition of Flybe. It is understood that the aircraft will remain on the UK register however they will be operated by Flybe in Scandinavia on behalf of Scandinavian Airlines System. Our strategy is to diversify our risk by geographic dispersion of our aircraft fleet and entering into these operating leases are consistent with that objective. The Company has a large proportion of its aircraft in Asia - Pacific and will continue to seek clients in this region, however, the Company views leasing aircraft to Northern Europe provides appropriate diversification."

-- ENDS -

About Flybe

Flybe, Europe's largest regional airline - 192 routes serving 12 countries from 82 departure points, 37 UK/45 European airports* (all routes on sale Feb '15 - Oct '15); operates more UK domestic flights than any other airline (UK CAA Jan '14 - Dec'14); named top UK airline for punctuality in report issued by UK consumer watchdog Which? (Dec 2014); is the largest scheduled airline by air traffic movements at Belfast City, Birmingham, East Midlands, Exeter, Inverness, Isle of Man, Jersey, Leeds Bradford, Manchester, Newquay and Southampton airports (UK CAA Dec '14); operates fleet of 60 aircraft - 45 Bombardier Q400, 4 Embraer 195 & 11 E175; codeshares with BA, Air France, Etihad, KLM, Finnair, Aer Lingus and Cathay Pacific; has two franchise partners, Loganair and Stobart Air and was Amsterdam Schiphol's Airline of the Year 2012 Europe.

* Flown under the Flybe brand (27 routes/11 airports exclusively served by Flybe's franchise partner, Loganair: and four routes and three airports exclusively operated by franchise partner, Stobart Air)

FLYBE
a para in today's ST concludes .....
"Hammad needs results soon or he might be looking dfor the nearest exit"

StockMarketWire.com
Flybe saw a return to growth in both seat capacity and revenue in the final quarter of the year, having completed the first year of its three-year turnaround and is positioned well to continue its positive momentum.

The airline delivered 15% additional capacity in Q4 2014/15, but held its load factors constant and delivered 15% passenger growth. The required yield investment associated with the new capacity and lower spot fuel prices were more than offset by higher passenger volumes and overall passenger revenues increased by more than 5%.

Results for the full year to March 31st 2015 are anticipated to be in line with market expectations, with Flybe on track to achieve around break-even at pre-tax profit level, before the £26m cost of the E195 jets and any impact of USD loan revaluation, but after the Finland JV write down of £10m and EU261 flight delay provision of £6m.

This outturn would represent an improvement of £14m1 on the previous year's loss2 of £9.0m on a comparable basis, excluding the one-off effects of the Finland JV divestment, the EU261 provision, US dollar loan revaluations and last year's restructuring costs, together with the benefit from the sale of Gatwick slots. This clearly demonstrates the improvement in our core business.

Summer trading is also on track with the additional capacity selling through as planned. The company says its cash position remains strong.

return to profit before you deduct all the expensive nasties!

I think it's called 'creative accounting'.

much the same as smoke and mirrors then :-)

Last weeks Times told a different story ,if an airline is struggling with oil prices this low i would beware ..

THERE IS LIVE for the last few days on this well smashed company recently

Maybe is ahead of events at this price 67p ( BB, TA overbought just now )

Flybe continues to grow

StockMarketWire.com

Flybe reports a positive start to the year, with sustained passenger and revenue growth, as it continues the next chapter of its transformation.

Flybe says the return to growth delivered in the previous three months has continued in the first quarter with a 12.3% increase in seat capacity to 2.8 million seats (Q1 2014/15: 2.5 million seats) and a 9.8% growth in passenger numbers to 2.1 million (Q1 2014/15: 1.9 million passengers).

Passenger revenues rose by 11.6% to £147.7m.

Chief executive Saad Hammad said: "As we enter the next phase of our transformation, Flybe has again delivered revenue and passenger growth in the quarter, demonstrating the strength of our core business. We carried significantly more customers than the same time last year and maintained our industry-leading punctuality levels. We remain focused on tackling the surplus E195 aircraft, our final legacy issue, and are actively pursuing a range of solutions."

At 8:03am: (LON:FLYB) FlyBe share price was +2.63p at 73.63p

Flybe sees growth in revenues and passengers

StockMarketWire.com

Flybe's turnaround continues with its third successive quarter of revenue, capacity and passenger number growth.

The group said the return to growth delivered in the previous two quarters continued in Q2, with double digit increases in seat capacity, passenger numbers and revenue:

· 13.8% increase in seat capacity to 3.0m seats (Q2 2014/15: 2.7m seats)

· 10.7% increase in passenger1 numbers to 2.4m passengers (Q2 2014/15: 2.1m passengers)

· c13% increase in passenger revenue

Flybe says unit revenue development has been encouraging, given the growth in seat capacity

· c2% increase in yield

· 2.2 ppts decrease in load factor to 78.3% (Q2 2014/15: 80.5%)

· c1% decrease in revenue per seat

Chief executive Saad Hammad said: "Flybe's turnaround continues, with our third successive quarter of revenue, capacity and passenger number growth, against the very competitive market provided by other airlines and road, rail and ferry services. In our second year of transformation, Flybe's performance in its core business is on track. We are also determined to finish redeploying our surplus Ejet aircraft.

http://www.moneyam.com/action/news/showArticle?id=5143696

Management Statement/Interims yesterday http://www.moneyam.com/action/news/showArticle?id=5150757

Half year results https://www.moneyam.com/action/news/showArticle?id=6205822

Up 10% in early trading.

The Welcome trust dump https://www.moneyam.com/action/news/showArticle?id=6208886

Turned out a real basket case this lot.

Should see some action today, buy out.

Here's that action Driver..

Flybe soars as Virgin Atlantic reportedly mulls takeover bid

Shares of UK regional airline Flybe soared Friday in the wake of reports Virgin Atlantic was in talks about a takeover bid.

Virgin Group's interest in Flybe comes as the transatlantic airline seeks to connect long-haul operations with smaller UK airports.

Flybe said earlier this month that it was exploring a possible sale after reporting that pre-tax profits more than halved in the first half of the year owing to headwinds from higher fuel and currency costs. Story provided by StockMarketWire.com

SP up over 25% as now!

Nice if you bought in yesterday.

in pennies, the rise is very small
in any case, be very wary of buying on news of a potential bid, as often they fall apart before completion

Cynic
Do you ever invest, if you had got in first thing when I posted you could be out now a couple of hours later 30% up!!!! No risk.

Now go and get some EUA before it’s to late.