Company Profile


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 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 Virgin Australia, Thomas Cook, Condor, Air France, Air Berlin, Vietjet Air, Fiji Airways and UNI Air. The company’s fleet includes Airbus A320 family aircraft as well as Fokker 100s and ATR 72s.

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 72s 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.


http://www.avation.net/

MIDAS SHARE TIPS: Profits poised for take-off at plane leasing specialist Aviation

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:34, 15 June 2013 | UPDATED: 22:34, 15 June 2013



Environmental campaigners may not like it but airline travel is growing fast. In 2000 there were just over 15,000 passenger planes in the world. By 2011, the number had increased to 22,000, and by 2030 it is expected to be nearly 40,000.


About half of those will be owned outright by airlines but the rest will almost certainly be leased from specialists such as Avation.


The shares listed on the stock market at 4p in 2006, rose to 118p by June 2011 and are now trading at 631⁄2p. This significantly undervalues the firm and its prospects so the shares are a bargain.



Growing portfolio: Avation's fleet of 23 planes includes the Airbus A320

Avation is listed in London, headquartered in Singapore and chaired by an Australian, Jeff Chatfield. The company leases aircraft to Thomas Cook, US Airways and Virgin Australia.


Chatfield and his fellow managers, Soeren Ferre and Rod Mahoney, have 67 years’ combined experience in the market, so they have built a wide network of contacts and understand the dynamics of the business better than most.










Since Avation was founded, the company has been built up from five planes to 23, worth £240 million. Over the next two to three years, Chatfield intends to buy new aircraft and take the value of the fleet to about £650 million.


Between 2006 and 2012, sales grew from £1.8million to £22 million while profits rose from £780,000 to £5.2million. In the year to June 30, 2013, brokers forecast sales of £26.4million and profits of £6million, rising to £36million and £7.9million respectively in 2014.


The company pays a dividend, too, expected to increase from 1.04p in 2012 to 1.1p this year and 1.63p next. Avation is well connected across the Asia Pacific region, where demand for new planes is extremely strong, as incomes increase and airline travel becomes more popular.


The firm also specialises in narrow-body aircraft, typically used for short-haul flights. These are popular with many airlines and are easy to lease. It has a particularly close relationship with Virgin Australia because Chatfield used to chair Skywest Airlines, a regional business that it recently acquired.


For Avation, the biggest challenge is financing growth at reasonable rates. Last year, the cost of debt rose substantially as it expanded its fleet and in May it raised £2.5million through a 60p-a-share rights issue, sending the stock down to its current levels.


Financing should become cheaper in future as the company becomes larger and more established. Chatfield does not intend to return to the equity markets in the short term, hoping instead to build the fleet with bank and other debt.


Midas verdict: Successful aircraft leasing businesses tend to have good relationships with manufacturers, airlines and financiers. Avation scores highly on all three points and its access to money should improve over the next three years. The group is growing fast, it has a progressive dividend policy and Chatfield is determined to make a success of the business.
He has bought 1.4 million shares in the past two weeks alone, lifting his stake to 17.5 per cent. Take a leaf out of his book and buy.


Traded on: Main market Ticker: AVAP Contact: 0065 6252 2077 or avation.net

Consensus recommendation


As of Jun 14, 2013, the investment analyst covering Avation PLC advises investors to purchase equity in the company.


Share price forecast


The one analyst offering a 12 month price target expects Avation PLC share price to rise to 125.00 in the next year from the last price of 63.50

5 June 2013
AVATION PLC
(the “Company”)
Director’s Dealing
The Board of Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company
announces that on 4 June 2013, Epsom Assets Ltd, a Company beneficially owned by Jeff
Chatfield, a director of the Company, purchased 160,000 Avation PLC ordinary shares at a price
of 62 pence per share.
Following this transaction, Mr Chatfield holds direct and indirect interests in 8,395,366 shares in
the Company, representing 17.2% of the voting rights.
--- ENDS ---






LSE: AVAP
10 June 2013
AVATION PLC
(the “Company”)
Director’s Dealing
The Board of Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company
announces that on 7 June 2013 Jeff Chatfield, a director of the Company, purchased 160,000
Avation PLC ordinary shares on market at a price of 62 pence per share.
Following this transaction, Mr Chatfield holds direct and indirect interests in 8,555,366 shares in
the Company, representing 17.52% of the voting rights.
--- ENDS ---

up nearly 19%

up 8%

Trading Update

PIM

RNS: AVAP 23 July 13 AVATION PLC (the "Company") Trading Update Revenues Continue to Grow as Aircraft Fleet Increases Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and simultaneously leases them to airlines, today provides a trading update for the financial year ending June 30 2013. Highlights include: * Group revenues are expected to rise by 22 per cent compared to the prior year to USD 42.7 million; this revenue figure exceeds published market expectations * Additions to fleet in the second half of the year: o Two ATR 72- 600 aircraft, giving Avation a total of 12 o One Airbus A320 - 200 o One Airbus A321, acquired by Avation's subsidiary, AIM-listed Capital Lease Aviation * Avation's total aircraft fleet now stands at 23 units * Ten more aircraft are on firm order for delivery before the end of 2014 o 'Contracted' growth is 43 per cent - to a fleet size of around 34 aircraft * Appointment of Liberum Capital Limited and W H Ireland as joint corporate brokers * Underwritten Open Offer oversubscribed by 160 per cent Jeff Chatfield, Executive Chairman and Founding Director said: "Trading has been very robust in the period and this is clearly reflected in the strong growth of our revenues. We are focused on our strategy of growing our fleet rapidly and diversifying our customer base. This strategy is clearly working for us and I am very encouraged by the high level of growth which is already locked in. I am hopeful that there is even more to come. Given the contracted growth we are looking forward to 2014 with confidence." Trading Outlook The directors have an expectation of a substantial increase in Group revenues for the year ending 30 June 2013. These are expected to increase by 22 per cent over the previous year to around USD 42.7 million (2012: USD 35 million). These are Directors' unaudited estimates. Several aircraft deliveries are expected in the next 12 months. Results Results for the year ending 30 June 2013 will be announced on the 27 August 2013. The results will be denominated in US dollars, which are the primary functional currency for the Company's aircraft lease revenues and debt obligations. -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

FLASH: Avation group revenues up 22% 23 July 2013 | 07:01am StockMarketWire.com - - See more at: http://www.stockmarketwire.com/article/4636528/FLASH-Avation-group-revenues-up-22pct.html#sthash.vliNLZQO.dpuf

New Airline Customer

PIM

RNS: AVAP 26 July 13 AVATION PLC (the "Company") NEW AIRLINE CUSTOMER Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and leases them to airlines, today announces that it has secured a new airline customer. Avation PLC has entered into a Letter of Intent with Fiji Airways for the lease of one new ATR 72-600 to be delivered in April 2014. The operating lease will be for a twelve year term and is at typical commercial lease rates. The operator of the aircraft will be Fiji Airways' regional subsidiary Pacific Sun. The operating lease is subject to final contract between the parties. The aircraft is being delivered pursuant to the exercise of one of the aircraft options for 2014 delivery positions owned by the Company. Avation PLC's Executive Chairman, Jeff Chatfield said "We are excited to welcome Fiji Airways to our increasingly diversified airline customer pool. This new airline is an important expansion of our customer base." For reference the full text of the Pacific Sun media release is quoted below in this announcement. -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 The full text of the Pacific Sun Media release: " PACIFIC SUN TO ADD NEW ATR 72-600 TO ITS FLEET New acquisition to boost domestic and regional travel and trade Pacific Sun, Fiji Airways' regional subsidiary has today announced that it will lease an ATR 72-600 aircraft, to add to its fleet of two ATR 42 and three DHC Havilland Twin Otter aircraft. Pacific Sun has signed a formal Letter of Intent (LOI) for this leased aircraft with Singapore-based aircraft leasing company Avation PLC. Pending the signing of the formal contact, the brand new ATR 72-600 is expected to arrive in Fiji in April 2014. The aircraft would be acquired as an operating lease for 12 years, and funded by the company's own finances, without the need for external financing. Pacific Sun intends to use the new aircraft on its domestic and regional (Pacific Islands) routes, which it operates on behalf of Fiji Airways. Nalin Patel, Pacific Sun's Chairman said the intent to acquire an additional, larger aircraft stems from the airline's confidence in the growth of domestic and regional travel. "Pacific Sun provides an invaluable link between Fiji's main and outer islands, as well as between Fiji and its Pacific neighbours, Mr. Patel said. "With the growth in domestic and regional traffic experienced in the past years, and a restructure of Pacific Sun's operations under the leadership of General Manager Shaenaz Voss now complete, the time is now right for the airline to expand its fleet. This will provide a boost to travel between Fiji's larger domestic ports (Nadi, Suva and Labasa), as well as encourage further travel and trade between Fiji, Tuvalu, Kiribati, Vanuatu, Samoa and Tonga." Voss says the decision to acquire the larger ATR 72-600 aircraft, which can carry 68 passengers was done after careful and independent assessment of Pacific Sun's route network and the traffic it carried year round. "What this acquisition will allow us to do is match demand with the right capacity. Due to its size, our new ATR will operate between Fiji's larger ports - Nadi, Suva and Labasa, and from Fiji to other Pacific island destinations, so naturally we will increase frequency of flights between to our Regional Ports. While we look forward to announcing what our schedules will look like, we can safely say that the increased capacity and frequency will allow us to offer more convenient services with even better connectivity opportunities with Fiji Airways' international schedules." Pacific Sun's ATR pilots will undergo a 'difference' course and will be certified to operate both ATR 42 and ATR 72 aircraft types when the new aircraft joins the fleet. "While we have the required number of pilots to operate the new ATR 72 once it's inducted into the fleet, we will also promote from within our existing national pilot complement". Aubrey Swift, Fiji Airways Acting CEO says the new aircraft acquisition is the start of further investment the parent company will make in Pacific Sun. "Now that Fiji Airways has been launched and all continues to go well for the national carrier, the Board and Fiji Airways' Management now turn the focus to our regional subsidiary. As part of the Fiji Airways revitalisation and turnaround, Pacific Sun has already undergone operational restructuring. The work going on now is fleet and network optimisation to ensure that the Pacific Sun adds valuable capacity to the domestic and regional markets." ### Note to Editors: Details and background on Avation PLC can be found here: http://avation.net/about.html ISSUED, July 26, 2013 - Fiji Airways Executive Office For press queries please contact: Shane Hussein Manager Public Relations and Communications Fiji Airways | Nadi, Fiji Ph: +679 673 7425 | Shane.Hussein@fijiairways.com Avation plc

Unaudited Prelimary Financial Results For Year ...


Avation earnings up 46%

StockMarketWire.com

http://www.moneyam.com/action/news/showArticle?id=4656618

Delivery of 13th ATR 72 Aircraft

RNS


RNS Number : 0197O

Avation PLC

16 September 2013






LSE: AVAP

16 September 2013



AVATION PLC
(the "Company")


DELIVERY OF THIRTEENTH ATR 72 AIRCRAFT



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company have the pleasure of announcing that the Company has today taken delivery of its thirteenth new ATR 72 aircraft. This aircraft is the seventh ATR 72-600 type aircraft to be delivered to date. This latest aircraft will be leased to the Australian carrier Virgin Australia Regional Airlines.

Commenting today, Jeff Chatfield, Executive Chairman of Avation PLC said: "The delivery of this additional new ATR 72 aircraft continues the implementation of the growth strategy for the Company and the roll-out of our fleet program with Virgin Australia Regional Airlines. This new aircraft will again immediately contribute positively to the continuing growth of the Company's revenues and profits. This aircraft is the first of a series of eight scheduled ATR-72 deliveries for financial year 2014."

ENDS

SHARE BUYBACK

PIM

LSE: AVAP 20 September 2013 AVATION PLC (the "Company") SHARE BUYBACK Avation PLC, the commercial passenger aircraft leasing company, announces that it purchased 150,000 ordinary shares in the Company on 19 September 2013 at a price of 94 pence per ordinary share representing approximately 0.31 per cent of the Company's current issued ordinary share capital. These 150,000 ordinary shares are to be held in treasury. The purchase was conducted in accordance with the authority given by shareholders at the AGM conducted on the 4th of December 2012. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, following the share buyback, the total number of ordinary shares in issue as at the date of this notice is 48,822,960, with 300,000 shares held in treasury. Therefore the figure of 48,522,960 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules. --- ENDS --- ENQUIRIES Avation PLC: +65 9735 4151 Jeff Chatfield (Executive Chairman) Liberum Capital Limited: +44 203 100 2222 Chris Bowman / Richard Bootle W H Ireland Limited: +44 207 220 1666 James Joyce / Harry Ansell Blythe Weigh Communications: +44 20 7138 3204 Tim Blythe / Eleanor Parry Avation plc

Final Dividend Payment Date - Update

PIM

RNS: AVAP 7 November 2013 AVATION PLC (the "Company") FINAL DIVIDEND PAYMENT DATE - UPDATE Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and leases them to airlines, advises that the exchange rate for the dividend payments to be made in GBP will be the USD/GBP exchange rate as at close of business on 4 November 2013; namely US$1.00 to GB£0.6263 as advised by the Company's bankers. Accordingly, all holders of shares on the UK Register will receive a dividend paid in Sterling of 1.11 pence per share. The Company further advises that, at the request of the service providers facilitating the payment of the dividend, the Dividend Payment Date will be moved to 25 November 2013. The Ex-Dividend Date and Record Date remain as previously announced. For clarity and certainty: 2013 final dividend payment date 25 November 2013 -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

The Naked Trader - One that came up at the seminar and appears to have value is Avation (LON:) and I bought 5,000 at 106 then they went up quite a bit to 120 but they went down 10p this morning so took advantage of that weird drop using the two timing techniques I taught some of you at the seminar and I bought another 3,000 at 108.75 today.

It leases planes - the last set of results were pretty impressive and I think these shares are set for take off.

It now has 23 planes in its fleet, revenues are going up, as are dividends.

The shares are gradually going up and still look good value. At the moment my thoughts are to keep them for a while perhaps targetting around 175p

Well done DC. I got in at 106 for 2000 after a mention in Shares Mag a few weeks ago.
It was one of Slater's picks. Wish I had bought more now (as usual for a winner!).

Thanks David, Slater thought the sp may double, even better.

Ex-Dividend

13 Nov 13 Avation Plc [AVAP] (1.11 p)

12 Nov Liberum Capital 125.00 Buy

Trading Update and Sale of Two New Aircraft

PIM

RNS: AVAP 20 November 2013 AVATION PLC (the "Company") TRADING UPDATE AND SALE OF TWO NEW AIRCRAFT Avation PLC, (LSE: AVAP) the aircraft leasing company announces that the directors believe that Company revenues for the period ending December 2013 will be significantly ahead of the same period last year as a consequence of the sale of two aircraft and in respect to general trading conditions. The directors make no statement as to an overall profit forecast. SALES TRANSACTION Avation has entered into an agreement to sell two new ATR72 600 aircraft to a third party. The right and opportunity to acquire these two aircraft are pursuant to the exercise of "in the money" purchase options over new, soon to be delivered, ATR72-600 aircraft. Avation is the owner of a series of delivery options over new aircraft, which at exercise are typically either leased to commercial passenger airlines or otherwise alternatively sold to third parties. In this instance the two new aircraft are being sold at the prevailing market price. Profits from this sale are typical of transactions of this nature. Completion is due to occur in December 2013 in respect of the first aircraft and January 2014 in respect of the second. As a result of the sale and purchase agreement a newly incorporated wholly owned subsidiary of the Company, AVAP Aircraft Trading Pte Ltd, now holds non refundable cash deposits as security for the transactions. After the exercise of these options and the sale of the two aircraft, Avation PLC remains the owner of a further 27 options and purchase right positions, in addition to its further existing seven firm ATR72-600 aircraft orders that are scheduled for delivery in calendar year 2014. Executive Chairman, Jeff Chatfield, said, "The sale of these two aircraft is an expansion of our business scope. We are having a satisfactory year. In terms of human resources we are in the process of modestly expanding the size of our marketing team. Our core business is that of leasing commercial passenger aircraft. This transaction confirms our ability to market aircraft, which we are willing to do in appropriate economic circumstances." -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Executive Chairman +65 973514151 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

Dividend Monday 25 Nov

Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and leases them to airlines, advises that the exchange rate for the dividend payments to be made in GBP will be the USD/GBP exchange rate as at close of business on 4 November 2013; namely US$1.00 to GB£0.6263 as advised by the Company's bankers.
Accordingly, all holders of shares on the UK Register will receive a dividend paid in Sterling of 1.11 pence per share.
The Company further advises that, at the request of the service providers facilitating the payment of the dividend, the Dividend Payment Date will be moved to 25 November 2013. The Ex-Dividend Date and Record Date remain as previously announced.
For clarity and certainty: 2013 final dividend payment date 25 November 2013

Back to the sp high.

Glad I bought another 2000 last week!!

In IGI this week Mark Slater is keen to outline one corporate gem in particular. The company in question is aircraft leasing business Avation. ' It's trading at a big discount to asset value and on a single digit earnings multiple '.

Also HGR8. Both good plays on aviation/travel industry!

Robbie Burns (Naked Trader) also likes both companies!

Further Fleet Expansion

PIM

December 5, 2013 AVATION PLC (the "Company") FURTHER FLEET EXPANSION Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is expanding its order book by up to a further ten aircraft. Avation has already exercised five purchase Options with ATR to purchase an additional five ATR72-600 aircraft for delivery in 2015. The Company has now been granted a further five additional Purchase Rights on 'option aircraft' without specific delivery dates. It is intended that these five aircraft will be delivered to new and existing leasing customers of the Company. The Company is seeing strong continued demand for this aircraft type, which was important in the Company's decision to exercise the purchase options. Including this new order for aircraft, Avation today has fourteen firm ATR72-600 aircraft to be delivered before the end-2015, ten purchase options and seventeen Purchase Rights. As at today's date, thirteen ATR72 aircraft have already been delivered on lease. Commenting today, Jeff Chatfield, Chairman of Avation said; "This order for five additional ATR72-600 aircraft and the further acquisition of five additional purchase rights is an important part of our growth program. This order is a demonstration of our commitment to grow the Company's portfolio with the most modern, efficient and environmentally friendly aircraft available." -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Executive Chairman +65 973514151 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

Acquistion of One Airbus A320-200 Aircraft

PIM

RNS: AVAP 10 December 2013 AVATION PLC ("Avation" or the "Company") ACQUISTION OF ONE AIRBUS A320-200 AIRCRAFT Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces that it has exercised a purchase option to acquire one Airbus A320-200 (the "Aircraft") which it had previously leased from another aircraft leasing company. In turn Avation will continue to lease the Aircraft to a major regional airline. The purchase of the Aircraft was part financed by a new senior loan on commercial terms typical of such transactions advanced by a new banker to the Company. Commenting today, Jeff Chatfield, Executive Chairman of Avation said: "The buyout of this aircraft is in line with the Company's strategy of purchasing newer aircraft and is evidence of the Company's ability to attract commercial finance from a wider universe of bankers in pursuit of that strategy". -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

Completion of Sale of Aircraft

PIM

Marketwire: AVAP December 13, 2013 AVATION PLC (the "Company") COMPLETION OF SALE OF AIRCRAFT Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has formally completed the sale of an ATR72-600 aircraft being the first completion of the sale of two aircraft announced on 20 November 2013. The aircraft was acquired pursuant to the exercise of an option. This aircraft is being sold new to a third party immediately following delivery to the Company from the Manufacturer, Avions de Transport Régional (ATR) and will be operated by a new airline in Myanmar. This sale is consistent with the Company's desire to maximise the value of its aircraft delivery pipeline and a desire to assess the merits of each and every lease and disposal opportunity on a case by case basis. -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Executive Chairman +65 973514151 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

Featured in this weeks Midas tips -


Aircraft leasing group Avation has also turned in an impressive performance. Tipped at 631⁄2p in June, it has almost doubled in value over the past six months to 119p.


The business leases planes to airlines and it is growing fast by acquiring new planes and building up its customer base. Founded just seven years ago, Avation’s first client was Virgin Australia and it still leases most of its aircraft to that airline.





Take off: Virgin Australia has helped aircraft leasing firm Avation's shares almost double in value in six months



However, Thomas Cook has become a customer and other airlines are following suit. Avation is already leasing 24 aircraft and is expected to double its fleet over the next few years.


Declaring its figures in dollars because that is the currency of the aircraft industry, Avation made $12million (£7.3million) in the year to June and is expected to increase profits by more than 50 per cent to $19million in the current year, rising to $23million in 2015. Dividends are low as the group expands its fleet but payouts should become considerably more generous later this decade. Avation is unlikely to double in value again over the coming year. However, the share price should continue to rise at a steady pace, making the stock a good hold.

Up 4% today.

AVAP looks interesting technically and from a fudies point of view. (looks cheap) Airline Stocks and Travel Firms seem to be doing very well at the moment eg, IAG, EZJ, TCG.
(listed on AIM)

FUNDIES.

Latest Share Price (p) 122.00 Net Gearing (%) 70.12
Market Cap (£m) 59.02 Gross Gearing (%) 75.09
Shares in issue (m) 48.37 Debt Ratio 72.18
P/E Ratio 5.25 Debt-to-Equity Ratio 0.86
Divs per share (p) 0.00 Assets / Equity Ratio 4.02
Dividend Yield (%) 0.85 Price to book value 0.60
Dividend Cover 7.85 ROCE 0.04
Earning per share (p) 23.25 EPS Growth (%) 184.93
52-week high / low (p) 135.00 / 63.50 DPS Growth (%) -100.00

Live Chart

Hi GF

I have been doing well with this and hold from Oct at 105. One of Mark Slater's picks and I read about it in Shares Mag and like the sound of the business. It seems to have trouble punching through 130 and staying there!

Yep picked it up on my system on the MACD filter David.

Think its been spelt wrong on thread heading.

isnt it AVATION?

Anyway epic is right so no probs.

Ill be pushing it on twitter tomorrow so watch out for 130p being shattered .....LOL.

Not the way I spell it. lol , Ian would have to change it, I take it?

ahhhhhh doesnt matter. Think CEO spelt it wrong.

Probably on the scotch.

Strange spelling like you say. Just shut one eye. :-))

Trying to break out.........

Are you in this or watching GF? New agreed loan seems to have done the job. I am hoping 130 sticks and becomes the new floor!!
Re spelling: What is an 'i' between friends!!


Stand by Finance Facility
PIM
AVAP 13 Jan 2014 AVATION PLC (the "Company") STAND BY FINANCE FACILITY Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has entered into a loan facility agreement with an Australian based institution. Funds are on standby and, when applicable, the loan facility can be drawn to a maximum amount of US$9.5 million. The facility is secured on the Company's fleet of five Fokker F100 aircraft. These Aircraft are currently un- encumbered and are fully owned by the Company. The loan facility is on usual commercial terms based on the assets against which the loan is secured. Commenting today, Jeff Chatfield, Chairman of Avation said: "This transaction provides a mechanism for the release of equity from existing aircraft by the Company in funding further growth with a view to lower the overall cost of funds. As such this is an important part of our continued pursuit of an optimal capital structure for the Company." -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

In big time David.

Great minds think alike! I am referring to you and Mark Slater!! (Of course)

LOL.

Going like the clappers.

Cynic, you missed out here big time.

Still plenty left mind.

possibly, but always wary of MM-only stocks as sp gets manipulated far too easily

Avation PLC (AVAP:LSE) set a new 52-week high during today's trading session when it reached 141.00. Over this period, the share price is up 62.02%.

Who said they wanted 130p blasting out of the way.............loads err money.

Yes and what a blast through! Even better than OPAY....
What will tomorrow bring?

possibly a reality check with dow currently down 130
it is in times like that that MM's really take chunks out of PIs

Yes sometimes we need those!

david, the 'i' may vanish tomorrow . :-))

Will that mean the share price will rise further!!

Perhaps not tomorrow. Strange that once you make a mistake on the header it cannot be corrected. Perhaps Ian will have a look .

Sold 4000 at 138.10
Was in from 105.00 and satisfied with the profit. Good company and will buy back in if price falls back.

Should I looked again on the Portfolio?


david lucas - 11 Nov 2013 20:10 - 15 of 53
Well done DC. I got in at 106 for 2000 after a mention in Shares Mag a few weeks ago.
It was one of Slater's picks. Wish I had bought more now (as usual for a winner!).

why do some stocks, such as this one, have this strange 4x a day "uncrossing" procedure and what are its implications?

Many thanks Ian. :-))

1

What you on about Cynic????? just get some bloody bought.

Just look how cheap they are....... below 6 on a foward P/E. Giving them away.

Latest Share Price (p) 0.00 Net Gearing (%) 70.12
Market Cap (£m) 67.24 Gross Gearing (%) 75.09
Shares in issue (m) 48.37 Debt Ratio 72.18
P/E Ratio 5.98 Debt-to-Equity Ratio 0.86
Divs per share (p) 0.00 Assets / Equity Ratio 4.02
Dividend Yield (%) 0.75 Price to book value 0.68
Dividend Cover 7.85 ROCE 0.04
Earning per share (p) 23.25 EPS Growth (%) 184.93
52-week high / low (p) 140.00 / 63.50 DPS Growth (%) -100.00

These turned up on my "chuck a dart at 10 every 6 months portfolio" last week.

Wish I bought in September.

Well you will have to chuck a dart every 3 months. :-))

Three Year Extension of Aircraft Leases

PIM

AVAP 24 January 2014 AVATION PLC (The "Company") THREE YEAR EXTENSION OF AIRCRAFT LEASES Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has agreed to extend the leases of its four Fokker F100 aircraft, all of which are on lease to a major Australian airline. The leases will be extended by 36 months in each case from the previously scheduled expiry dates of each lease, which were between January and August 2014. Rentals under the extended leases are on typical market terms for transactions of this nature. Commenting today, Jeff Chatfield, Executive Chairman of the Company said: "I am pleased to announce the extension of these four aircraft leases with one of our long-standing airline partners. The extension solidifies our customer relationship while providing a revenue stream for the Company over the following three years." -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

Bought 4000 at 139.19
Target 150
Stop 128

AVATION PLC (the 'Company') Obtains sen...

PIM

February 17, 2014 AVATION PLC (the 'Company') Obtains senior secured revolving warehouse facility Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has been successful in obtaining a further finance facility to support future aircraft acquisitions. The facility has been designed to support the ad-hoc purchase of an aircraft when suitable opportunities present themselves Salient key features of the warehouse facility are: - The facility has been provided by a major European Bank and is a facility to provide a full recourse, senior secured, revolving warehouse facility to provide partial short term funding for the purchase of particular aircraft (the "Facility"); - The Facility is a revolving facility which allows drawings and then re-drawings over a three year period; - The Facility will typically be used for one aircraft at a time; - Drawings used to acquire aircraft have a two year repayment term; - The Facility interest margin is priced at usual commercial terms; - The Facility can be drawn to $20m in any instance; - Drawings may be applied up to 75% of the agreed value of the aircraft purchased. This percentage is adjusted depending upon age of aircraft and ranking of airline leasing the aircraft purchased; - The Facility is secured by the aircraft purchased; - The typical aircraft for use of proceeds include: o ERJ 190-95; o ATR 500 and 600; o Boeing 737-700 and 737-800 NG and max; o Airbus A319, A320 and A321 CEO and NEO; o Airbus A330; o Bombardier Q400; and o Boeing 777. Jeff Chatfield, Executive Chairman, said: "We are continually seeking to acquire aircraft and assessing aircraft leased to commercial airlines. The warehouse facility is a pre-approved finance line thus enabling the purchase of a target aircraft within a short timeframe. Once acquired the aircraft can then be re- financed in the more traditional manner. This process will assist Avation to quickly secure the aircraft on a case by case basis in order to produce optimal long term returns to its shareholders." -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Executive Chairman +65 973514151 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

REG-Avation plc: CORRECTION FROM SOURCE: Obtains senior secured revolving warehouse facility

17 Feb 2014 - 07:31
Marketwire: AVAP February 17, 2014 AVATION PLC (the 'Company') Obtains senior secured revolving warehouse facility Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has been successful in obtaining a further finance facility to support future aircraft acquisitions. The facility has been designed to support the ad-hoc purchase of an aircraft when suitable opportunities present themselves Salient key features of the warehouse facility are: - The facility has been provided by a major European Bank and is a facility to provide a full recourse, senior secured, revolving warehouse facility to provide partial short term funding for the purchase of particular aircraft (the "Facility"); - The Facility is a revolving facility which allows drawings and then re-drawings over a three year period; - The Facility will typically be used for one aircraft at a time; - Drawings used to acquire aircraft have a two year repayment term; - The Facility interest margin is priced at usual commercial terms; - The Facility can be drawn to $20m in any instance; - Drawings may be applied up to 75% of the agreed value of the aircraft purchased. This percentage is adjusted depending upon age of aircraft and ranking of airline leasing the aircraft purchased; - The Facility is secured by the aircraft purchased; - The typical aircraft for use of proceeds include: o ERJ 190-95; o ATR 500 and 600; o Boeing 737-700 and 737-800 NG and max; o Airbus A319, A320 and A321 CEO and NEO; o Airbus A330; and o Boeing 777. Jeff Chatfield, Executive Chairman, said: "We are continually seeking to acquire aircraft and assessing aircraft leased to commercial airlines. The warehouse facility is a pre-approved finance line thus enabling the purchase of a target aircraft within a short timeframe. Once acquired the aircraft can then be re- financed in the more traditional manner. This process will assist Avation to quickly secure the aircraft on a case by case basis in order to produce optimal long term returns to its shareholders." -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Executive Chairman +65 973514151 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc

Lowers cost on US$33 million senior debt

RNS


RNS Number : 6877A

Avation PLC

24 February 2014






RNS: AVAP

February 24 2014



AVATION PLC
(the 'Company')


Lowers cost on US$33 million senior debt



Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has been successful in refinancing US$33 million of two ATR 72 aircraft in the existing fleet, at an improved cost of senior debt.



Highlights of the transaction include:

· The facility approximately halves the cost of funds on these aircraft;

· The transaction is immediately Profit & Loss accretive, significantly lowering the cost of debt related to the aircraft;

· The transaction represents 14.2 per cent of the overall debt of the Company;

· Introduction of two new banks to the Company;

· The facility provides for amortization of the debt over the remaining 8 year lease term attached to the aircraft.



The transaction represents a refinance of 14.2 per cent of the overall debt of the Company as at 31 January 2014.



The lenders have provided senior and junior debt respectively. The senior lender is a major European bank whilst the junior lender is a major Japanese based bank. The transaction represents the first funding to the Company from a Japanese bank.



Jeff Chatfield, Executive Chairman, said: "The refinance of the two ATR 72 aircraft further affirms the bankability of the core aircraft of the Avation fleet and, in addition, will have an immediate positive impact on Profit & Loss.



"In the past month, the Company has completed two re-finance transactions of amounts in excess of US$42.5 million. Furthermore in addition the Company has recently secured a standby US$20 million warehouse facility for the acquisition of leased aircraft.



"These transactions provide a platform to support a growth programme that includes delivery of eight ATR 72 aircraft and enables additional growth through the acquisition of lease attached aircraft."



-ENDS-

Financial Results and Interim Management Report

RNS


RNS Number : 8513A

Avation PLC

25 February 2014






RNS: AVAP

February 25 2014



AVATION PLC

(the "Company")



FINANCIAL RESULTS AND INTERIM MANAGEMENT REPORT

FOR THE SIX MONTHS ENDED 31 DECEMBER 2013



"Material growth in Profit & Revenues with significant fleet growth to come in 2014"



Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company is pleased to announce unaudited financial statements for the Company and its subsidiaries for the six-month period ended 31st December 2013.



The financial highlights, year on year, are:

• Revenues increased by 21% to US$24,560,737, with Gross Profit increasing by 24%;

• Consolidated net profit before tax of Avation PLC increased by 15% to US$7,894,478;

• Earnings per share of 11.6 cents (US$) were recorded;

• Increased number of aircraft in the fleet from 19 to 24;

• Placed a firm order for five additional ATR 72 for delivery in 2015;

• The granting to Avation of five additional Purchase Rights for new ATR 72 aircraft; and

• Total number of aircraft under order or option for future delivery increased to 40 as at 31 December 2013.



Commenting today, Avation PLC Chairman, Jeff Chatfield said:



"The Board of Directors is pleased with the significant growth in the Avation aircraft leasing business. The Company, by way of revenue from leased aircraft assets, continued to deliver outstanding growth in the core aircraft business and successfully completed a sale of an aircraft to a customer pursuant to an option exercise.



"Avation also secured long term growth with the addition of purchase rights for future aircraft that takes the total future deliveries to 27 aircraft in addition to the thirteen firm aircraft scheduled to be delivered.



"The business continues to grow and perform strongly, with recent re-financing transactions releasing equity to fund further deliveries along with a warehouse facility to support lease attached aircraft acquisitions. We are confident that our strategy provides for continued and sustainable growth for the remainder of 2014 and beyond."



Further information on Avation PLC can be seen at: www.avation.net. Avation PLC is registered in England and Wales with its operational headquarters in Singapore.

Completion of Sale of New Aircraft

RNS


RNS Number : 2384C

Avation PLC

14 March 2014






RNS: AVAP

14 March 2014



AVATION PLC
(the 'Company')


COMPLETION OF SALE OF NEW AIRCRAFT



Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has completed a sale and delivery of a new ATR72-600 aircraft.



The Company purchased the aircraft new from the Manufacturer, Avions de Transport Régional (ATR) and it will be operated by a start-up airline in Myanmar. The aircraft was acquired pursuant to the exercise of an option from the manufacturer. The aircraft was sold to a third party immediately following delivery at Toulouse on the 13th of March 2014.



This is the second sale by the Company to interests associated with the start-up airline and this transaction completes the sale of the second aircraft that was announced on the 20 November 2013.



This sale is consistent with the Company's policy of reviewing and assessing the merits of each and every lease and disposal opportunity on a case by case basis. The aircraft was sold at the prevailing market price. Profits from this sale are typical of transactions of this nature.



Jeff Chatfield, Executive Chairman, said: "We own an extensive option pipeline of new ATR72 aircraft with numerous delivery positions, and assess the risk in geography and each opportunity on a portfolio basis and take action accordingly. When the economic parameters of a transaction are suitable we are willing to trade new and second-hand aircraft as a matter of policy".





-ENDS-

New Airline Customer - Uni Air

RNS


RNS Number : 7811D

Avation PLC

02 April 2014






AVAP

2 April 2014



AVATION PLC
(the "Company")


NEW AIRLINE CUSTOMER - UNI AIR





Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces that it has secured a new airline lessee.

The Company has entered into agreements for the lease of aircraft with UNI Airways Corporation, the largest regional domestic airline of Taiwan. The agreements are for the lease of two new ATR 72-600 to be delivered in Q3 of 2014. The leases produce typical commercial net returns for the lease of such aircraft.

Avation PLC's Executive Chairman, Jeff Chatfield said, "We are very excited to welcome UNI Air to our increasingly diversified list of airline customers. The awarding of this contract is a further important step along the path of the Company's strategy of portfolio expansion and diversification of the customer base. We are very pleased that UNI Airways has selected Avation PLC as lessor to supply these two new aircraft."





-ENDS-

Seems to have bounced off a fall below 110p.

Half page this week in shares. Avation set for take off. Boeing market forecasts maintain the number of leased aircraft should increase by 124% in 2030. Avation has a current fleet of 24 with firm orders for a further 12 aircraft and options on another 27 to be delivered by the end of 2015.

Corporate Tax Incentive

RNS


RNS Number : 8252G

Avation PLC

12 May 2014






AVAP

12 May 2014



AVATION PLC

(the "Company")





CORPORATE TAX INCENTIVE



Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has been approved for entry into Singapore's Aircraft Leasing Scheme.



The Aircraft Leasing Scheme is administered by Singapore's Economic Development Board. It is a tax incentive scheme for aircraft lessors with corporate headquarters in Singapore and provides members with a reduced corporate tax rate such as 10 per cent on income accruing in or derived from within Singapore from leasing of aircraft or aircraft engines. It also provides an automatic withholding tax exemption on qualifying payments on qualifying foreign loans for the finance of aircraft. The majority of the Company's subsidiaries are in Singapore and therefore are eligible for the Scheme.



Commenting today, Jeff Chatfield, Executive Chairman of the Company said: "I am pleased to announce the Avation group's entry into the Aircraft Leasing Scheme. This recognises the Company's standing in the aircraft leasing market in an increasingly important strategic region for leasing globally and may result in a lower withholding and administrative cost burden on debt structuring. The applicable economic commencement date for the incentive scheme in respect to the Company is in effect from the 17th of April 2014."

MIDAS SHARES UPDATE: Our aircraft leasing tip Avation doubles since last June and can head higher

By Joanne Hart, Financial Mail On Sunday

Published: 15:06, 11 May 2014 | Updated: 10:59, 12 May 2014


Shares in aircraft leasing company Avation have almost doubled from 63.5p to 119.5p since Midas suggested them last June.


The price rise is justified as the stock was badly undervalued and the firm has delivered strong growth in sales and profits over the past 12 months.


Looking ahead, Avation should continue to deliver. The aircraft leasing market is expanding and the firm is about to set off on a big growth phase.




Skyhigh shares in Aviation



Avation specialises in the ATR 72, a small plane that is ideal for short journeys. The planes are in short supply but Avation has a close relationship with the maker and has managed to secure 12 aircraft over the next 18 months.


This will take the group’s fleet from 24 to 36 and it has options over a further 27 ATRs for the next few years.


Chairman Jeff Chatfield is keen to buy a couple of jets, too.

The group’s planes are worth $400million (£250million) but Chatfield intends to build a fleet worth more than $1billion by 2016. This is a shrewd ambition. Today about a third of planes are leased and forecasters suggest the proportion will grow to a half in the next 15 years.


Avation operates mainly in South East Asia and its largest customer is Virgin Australia, but it is branching out and recently signed deals with Fiji Airways and Taiwan’s UNI Air. Given the demand for ATRs, Avation is confident it will find customers for its new aircraft and is in advanced talks with several airlines.


Brokers expect sales to rise 27 per cent to $54million in the year to June, with a further 20 per cent increase to $65million next year. Profits are set to rise 45 per cent to $20.4million this year and to almost $22million in 2015. Even though this is primarily a growth firm, it pays a dividend, expected to go up to 1.2p this year.


Midas verdict: Aircraft leasing can be risky, but Avation has made impressive progress, managing its finances well. Investors who bought last year and who are looking for cash could sell 25 per cent of their stock, but they should keep the rest. New investors could also take a punt at current levels.

Finance Facility & Delivery of Fiji Link Aircraft

RNS


RNS Number : 5545I

Avation PLC

02 June 2014






RNS: AVAP

2 June 2014



AVATION PLC

(the "Company")



FINANCE FACILITY AND DELIVERY OF FIJI LINK AIRCRAFT



Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, today announces that further to its announcement of 24 October 2013 it has taken delivery of its sixteenth new ATR 72 aircraft. This ATR 72-600 aircraft is leased for a twelve year period to Fiji Airways and operated by its regional subsidiary, Fiji Link.



The aircraft was funded with the Company's own resources and supplemented by additional commercial debt totaling US$16,000,000. This financing has been secured at competitive commercial rates from a European commercial bank which is a new financier to the Company.



Commenting today, Jeff Chatfield, Executive Chairman of Avation PLC said: "The delivery of this additional new ATR 72 aircraft, and the Company's first 12 year lease, continues the implementation of the Company's growth strategy and the further expansion of our customer base. This new aircraft immediately contributes positively to the continuing growth of the Company's revenues and profits with expansion of our leased aircraft asset base. We thank Fiji Airways for their support."



Fiji Airways' Managing Director and CEO Stefan Pichler said: "We're very pleased to receive delivery of the new ATR 72-600. It will be the flagship aircraft for the rebranded Fiji Link, and crucial to our Five Year Master Plan to grow our regional and domestic network."



-ENDS-

Interim Management Statement & Trading Update

RNS


RNS Number : 3083J

Avation PLC

11 June 2014






RNS: AVAP

11 June 2014



AVATION PLC

(the "Company")



Interim Management Statement & Trading Update



Strong revenue and earnings growth as aircraft fleet increases



Avation PLC, (LSE: AVAP) the aircraft leasing company, today provides an interim management statement and trading update for the financial year ending 30 June 2014.



Highlights include:



• Net revenues in the year to date are on track to exceed published market expectations for the year ending 30 June 2014;



• As at the date of this publication, net revenue is expected to rise by 29 per cent compared to the prior year to around USD 55 million (2013: USD 42.7 million). This visibility is due to the Company being a commercial aircraft operating lessor with known and constant levels of lease revenue income;



• Profit before tax is expected to increase 25 per cent over the previous year to around USD 17.5 million (2013: USD 14.0 million);



• Earnings per share are expected to increase by 25 per cent to 29 US cents (2013: 23.25 US cents per share);



• Avation's overall fleet now stands at 25 commercial passenger aircraft;



• Six additional aircraft are on order for delivery by the end of calendar year 2014; and



• Current contracted fleet growth is 44 per cent by the end of calendar year 2015, increasing the fleet size to around 36 aircraft.



Jeff Chatfield, Executive Chairman said: "With one month left in this financial year we expect to report strong growth in group revenues and profits. We are encouraged that our strategy is demonstrating such visible growth.



"We are focused on continuing to grow our fleet rapidly, diversifying our customer base whilst continually improving profitability. We have already contracted additional commercial aircraft deliveries for the remainder of 2014. We look forward to 2015 with confidence as we enter an 18 month period in which growth in aircraft fleet will be at the highest level in the Group's history."



Trading Update



The directors expect a substantial increase in net revenue for the year ending 30 June 2014. These are expected to increase by 29 per cent over the previous year to around USD 55 million (2013: USD 42.7 million).



Profit before tax is expected to increase 25 per cent over the previous year to around USD 17.5 million (2013: USD 14 million).



Furthermore, earnings per share are expected to increase 25 per cent to 29 US cents (2013: 23.25 US cents).



These are Directors' unaudited estimates and do not constitute a forecast. They are a trading update based on recent interim management accounts and known income levels. Avation is an operating aircraft lessor, with fixed term and known lease revenue income from each aircraft.



Results



Financial Results for the year ending 30 June 2014 are expected be announced on or around 20 August 2014.





-ENDS-

Should Be Avation :-))



Aviation PLC flying high after raising profits guidance

By John Harrington

June 11 2014, 4:19pm
Aviation PLC flying high after raising profits guidance

Aircraft leasing company Aviation (LON:AVAP) cheered the market by revealing full-year revenues are likely to be ahead of market expectations.

Net revenue in the year to the end of June 2014 is expected to rise by 29% year-on-year to around US$55mln from US$42.7mln the year before.

Profit before tax is set to rise by a quarter to US$17.5mln from US$14.0mln the year before, with earnings per share set to rise in line, to 29 cents from 23.25 cents.

Jeff Chatfield, executive chairman of Aviation said: "With one month left in this financial year we expect to report strong growth in group revenues and profits. We are encouraged that our strategy is demonstrating such visible growth.

"We are focused on continuing to grow our fleet rapidly, diversifying our customer base whilst continually improving profitability. We have already contracted additional commercial aircraft deliveries for the remainder of 2014.”

Avation's overall fleet currently stands at 25 commercial passenger aircraft and should rise to 31 by the end of 2014, and to around 36 by the end of 2015.

“We look forward to 2015 with confidence as we enter an 18 month period in which growth in aircraft fleet will be at the highest level in the group's history," Chatfield said.

Shares were up 6.5% on the trading update.

Acquisition of Shares and Issue of Equity

RNS


RNS Number : 0192K

Avation PLC

19 June 2014






AVAP



19 June 2014

AVATION PLC

("AVATION" or "THE COMPANY")



Acquisition of shares in Capital Lease Aviation PLC and issue of equity



Avation PLC, the aircraft leasing company, announces that it has agreed to acquire 2,500,000 ordinary shares in aircraft lessor Capital Lease Aviation PLC (AIM: CLA), increasing its holding in CLA's voting rights from 66.27% to 68.85%.



The consideration for the acquisition of the CLA shares is the allotment of 381,679 new ordinary shares in the Company, representing 0.78% of the existing issued share capital of the Company (the "Consideration Shares").



The acquisition is conditional only on admission of the Consideration Shares to the Official List and to trading on the London Stock Exchange's main market for listed securities becoming effective ("Admission").



The Consideration Shares will be issued fully paid and rank pari passu in all respects with the Company's existing ordinary shares in issue. Following Admission the Company's total issued share capital will be 49,604,639 ordinary shares of which 450,000 are held in treasury. For the purposes of calculating Total Voting Rights shareholders may use the number 49,154,639 as the total number of shares in issue from the date of Admission.



Application is to be arranged forthwith by AVAP for the Consideration Shares to be listed on the standard segment of the Official List and to be admitted to trading on the London Stock Exchange's main market for listed securities. It is anticipated that Admission of the Consideration Shares will become effective and that dealings will commence at 8:00 a.m. on 25 June 2014.







---ENDS---

Director's Dealings

RNS


RNS Number : 5695K

Avation PLC

26 June 2014






LSE: AVAP



26 June 2014



AVATION PLC



(the "Company")



Director's Dealing



The Board of Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company announces that on 24 June 2014, Stephen Fisher, a non-executive director, purchased 5,000 Avation PLC ordinary shares at a price of 137 pence per share.



Following this transaction, Dr Fisher holds direct and indirect interests in 5000 shares in the Company, representing 0.01 per cent of the Company's total voting rights.





--- ENDS ---

Issue of Shares & Date for Release of Results

RNS


RNS Number : 2887L

Avation PLC

03 July 2014






RNS: AVAP

3 July 2014



AVATION PLC
(the 'Company')


ISSUE OF SHARES AND DATE FOR RELEASE OF RESULTS



Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has completed a placing at 140 pence per share. The issue raised £4.2 million before expenses from the issue of 3,000,000 ordinary shares (the "Placing") of the Company (the "Placing Shares") at a price of 140 pence per share. The placing is conditional only on admission of the Placing Shares to the Official List and to trading on the London Stock Exchange's main market for listed securities becoming effective ("Admission").



The Net Proceeds of the Placing are intended to be used by the Company for certain pre-delivery payments of new aircraft in the ordinary course of business.



The Placing Shares will be issued fully paid and rank pari passu in all respects with the Company's existing ordinary shares in issue. Following Admission the Company's total issued share capital will be 52,604,639 ordinary shares, including 450,000 ordinary shares held in treasury. The Placing Shares will represent approximately 5.7% of the enlarged issued share capital of the Company. For the purposes of calculating Total Voting Rights shareholders may use the number 52,154,639 as the total number of shares in issue from the date of Admission.



Application will be made for the Placing Shares to be listed on the standard segment of the Official List and to be admitted to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8:00 a.m. on 8 July 2014.



Further to the Company's announcement on 11 June 2014, the Financial Results for the year ending 30 June 2014 are now expected to be announced on or around 29 August 2014.





-ENDS-

Final results Friday 29 August

Delivery of 17th ATR 72 Aircraft

RNS


RNS Number : 9635P

Avation PLC

26 August 2014






AVAP



26 August 2014

AVATION PLC

('Avation' or 'the Company')



DELIVERY OF 17th ATR 72 AIRCRAFT



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has taken delivery of a new ATR 72 aircraft from the factory and leased it to Australian airline Virgin Australia Regional Airlines.

This aircraft is the 11th delivery of the ATR 72-600 variant aircraft to be delivered to date. In total Avation has now taken delivery of 17 ATR 72 type aircraft.

Commenting today, Jeff Chatfield, Chairman of Avation, said: "The delivery of this additional brand new aircraft is in line with the steady implementation of the Company's growth strategy, the aircraft was commercially financed and is leased for ten years. This new aircraft joins the Company's expanding portfolio of modern, efficient aircraft and from delivery onward will contribute positively to the continuing growth of the Company's revenues."



---ENDS

Should be a good set of results on Friday according to Shares. Having said in June that sales would beat market expectations and the business says it is entering a period with record high growth in aircraft fleet.

RNS says on or around 5 September now.

Thanks victim.


Date for Release of Results

RNS


RNS Number : 2798Q

Avation PLC

29 August 2014






AVAP



29 August 2014

AVATION PLC

('Avation' or 'the Company')



DATE FOR RELEASE OF RESULTS



Further to the Company's announcement on 3 July 2014, the Financial Results for the year ending 30 June 2014 are expected to be announced on or around 5 September 2014.



---ENDS---

RESULTS out.

Unaudited Preliminary Financial Results

Overview:



· Total income increased by 29 per cent to US$ 56.3 million (2013: US$ 43.7 million);

· Profit after tax attributable to equity holders increased by 30 per cent to US$ 13.7 million (2013: US$ 10.5 million);

· EBITDA increased by 29 per cent to US$ 49.4 million (2013: US$ 38.3 million);

· Earnings per share increased by 21 per cent to 28.13 US cents (2013: 23.25 US cents);

· Net assets increased by 13 per cent to US$ 111.3 million (2013 US$ 98.2 million);

· Cash held at the end of the period increased 19 per cent to US$ 23.4 million (2013: US$ 19.6 million);

· Dividends to increase by 13 per cent to 2.01 US cents per share (2013: 1.78 US cents per share);

· Number of aircraft in fleet increased to 25.



http://www.moneyam.com/action/news/showArticle?id=4879800

RNS new customer.

Avation leases aircraft to UNI Airways

StockMarketWire.com

Avation has purchased and taken delivery of a new ATR 72 aircraft from the factory and leased it to UNI Airways Corporation, the largest regional domestic airline in Taiwan and a new lessee for Avation.

This brings to 18 the total number of new ATR 72 aircraft delivered to the Company to date.

Chairman Jeff Chatfield said: "Consistent with our strategy of diversifying the customer base and geography for our leased aircraft we are pleased to announce this new client and expansion into North Asia. The client is of good credit quality and the transaction has been structured to deliver the lowest cost of finance to date."



At 9:21am: (LON:AVAP) Avation Plc share price was +4.5p at 154.5p

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New Aircraft Delivery in Europe

RNS


RNS Number : 0621S

Avation PLC

19 September 2014






RNS: AVAP



19 September 2014

AVATION PLC

('Avation' or 'the Company')



NEW AIRCRAFT DELIVERY IN EUROPE



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce today that the Company has purchased and taken delivery of an additional new ATR 72-600 aircraft from the manufacturer. The aircraft is leased to a European airline for a period of 10 years.

This brings to 19 the total number of new ATR 72 aircraft delivered to the Company to date.

Commenting today, Jeff Chatfield, Chairman of Avation, said: "Consistent with our strategy of diversifying the customer base and geography for our leased aircraft we are pleased to announce this new delivery to a European airline. This delivery continues the growth of the Company's portfolio and will make a positive contribution to revenues and profitability."

Acquisition of shares in Capital Lease Aviation

RNS


RNS Number : 6674S

Avation PLC

26 September 2014






AVAP



25 September 2014

AVATION PLC

("AVATION" or "THE COMPANY")



Acquisition of shares in Capital Lease Aviation PLC and issue of equity



Avation PLC, the aircraft leasing company, announces that it has agreed to acquire 351,900 ordinary shares in aircraft lessor Capital Lease Aviation PLC (AIM: CLA), increasing its interest in the voting rights in CLA's issued share capital to 95.1 per cent.



The CLA shares were acquired through the market at a price of 0.205 pence in cash (the "Cash Purchase"). Settlement of the Cash Purchase will be on normal market terms.

Results for year ending 30 June 14

http://www.avation.net/files/AVAP_results_FYE_30June2014.pdf

Two New Aircraft Sale & Leaseback with Thomas Cook

RNS


RNS Number : 6898U

Avation PLC

20 October 2014






RNS: AVAP

20 October 2014



AVATION PLC

(the "Company")



TWO NEW AIRCRAFT SALE AND LEASEBACK WITH THOMAS COOK



Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, is pleased to announce that it has secured a new lessee for two new large commercial aircraft.



The Company has entered into conditional agreements for the purchase and lease of two new Airbus A321 aircraft with Thomas Cook Airlines Limited, a member of the Thomas Cook Group. These two aircraft are comprised of a part of Thomas Cook's previously announced fleet renewal program. The Aircraft are due to be delivered new from Airbus in February and March 2016. The lease agreements are conditional on the sale of the aircraft to Avation and the financing thereof. The term of the leases is initially 12 years with further 6 year options, exercisable by Thomas Cook, with the revenue from the operating leases at typical commercial lease rates.



Avation PLC's Executive Chairman, Jeff Chatfield said, "We welcome another member of the Thomas Cook Group to our increasingly diversified list of airline customers.



"We are pleased that Thomas Cook has selected Avation PLC as lessor to participate in a sale and lease back transaction for these two new aircraft, the first purchase of two brand new jet aircraft by the Company. Avation seeks 12 year leases due to the predictability of the revenue stream over a meaningful time scale. This transaction represents an approximately $100m investment. Avation has committed to the sale and leaseback transaction along with an aircraft pre-delivery finance program until delivery in 2016. Avation is willing to consider Sale and Lease backs from major commercial airlines and also to provide commercial airlines with pre-delivery finance."





-ENDS-

MARK SLATER: Six undervalued shares with the potential to become takeover targets

Avation

Avation, an aircraft leasing business, is part of the supply side solution helping to satisfy the insatiable global demand for air travel, which according to Airbus has doubled every 15 years in the past and is expected to double again in the next 15.

Avation is still sub-scale, albeit according to management the fourth most profitable aircraft leasing company in its industry. At the end of June this year it still only had a modest fleet size of 25 aircraft. However, this is set to grow rapidly. The number is set to increase by 44% to 36 during the second half of 2015 and the company has options over aircraft which, subject to funding, could subsequently take this to more substantial figure of over 60.



DIY investing

The company is still modestly rated on a number of measures. According to the house broker its net book value at 1.1x falling to 1.0x in 2015 is below the industry average of 1.3x. And Avation’s book value ignores its valuable options to buy new aircraft that are worth perhaps 30% of the market capitalisation. Avation also represents good value on a forward price to earnings ratio of 7.6x, which is about half that of its US peers (Source: Wells Fargo Leasing Letter) and is on an attractive price earnings growth ratio, or PEG, of 0.35 (Source: Company REFS 23.09.14).

In addition to being an attractive investment in its own right, it is not hard to imagine larger industry players showing an interest in buying Avation as a bolt-on acquisition once its fleet size starts achieving critical mass and heads towards 100. This adds some spice to the shareholding.





http://www.dailymail.co.uk/money/investing/article-2801514/mark-slater-six-shares-potential-takeover-targets.html

New RNS 20th lease to UNI Airways.

Twentieth New ATR72 Delivery

RNS


RNS Number : 2271V

Avation PLC

24 October 2014






AVAP



24 October 2014

AVATION PLC

('Avation' or 'the Company')



TWENTIETH NEW ATR72 DELIVERY



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has taken delivery of a new ATR 72 aircraft from the factory in Toulouse, France and that the aircraft has been leased to UNI Airways Corporation, the largest regional domestic airline in Taiwan.

This is the second ATR72-600 type aircraft that the Company has delivered to UNI Airways Corporation.

Commenting today, Jeff Chatfield, Chairman of Avation, said: "We are very happy to fulfil this order from UNI Airways Corporation and to take delivery of our twentieth new ATR72 aircraft. This delivery represents an important milestone for the company in the expansion of our fleet and we are very pleased to lease this aircraft to an airline of such high esteem as UNI Airways."



---ENDS---

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/10/2014, 11 days ago, when the stock price was 136.4000. Since then AVAP.L has risen by +9.97%.

Market Outlook

Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside


http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=AVAP.L

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/10/2014, 17 days ago, when the stock price was 136.4000. Since then AVAP.L has risen by +9.24%.

Market Outlook

The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is non-negligible.


http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=AVAP.L

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/10/2014, 18 days ago, when the stock price was 136.4000. Since then AVAP.L has risen by +14.74%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.



http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=AVAP.L

Avation - Mello 2014

Click here

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/10/2014, 22 days ago, when the stock price was 136.4000. Since then AVAP.L has risen by +27.20%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.




http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=AVAP.L

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.
Directors present their latest plans regarding development and growth
An opportunity to talk directly to the companies and personally put forward your questions
The chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions

 

WHO SHOULD ATTEND?

The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Wednesday 26th November 2014

Venue:

Novotel Tower Bridge, 10 Pepys Street, London  EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee

18:30 - 20:30 Presentations

20:30 - 21:30  Drinks reception and canapés

 

Attendance is complimentary, but spaces are limited. Register now to secure your place!

 

Avation (AIM: AVAP)
Avation PLC is a specialist commercial passenger aircraft leasing company managing a fleet of 28 aircraft which it leases to airlines across the world. Our customers include Virgin Australia, Thomas Cook, Condor, Fiji Airways and UNI Air. Avation also has a subsidiary that supplies aircraft parts and spares to a range of operators, internationally.

 

Speaker: Richard Wolanski – Finance Director



 

Sphere Medical [AIM: SPHR]

Sphere Medical is a dynamic and growing company specialising in the development of innovative medical monitoring and diagnostic equipment. Their products are used in a wide range of medical applications, enabling faster clinical decision-making and improved patient outcomes, whilst providing efficiencies that result in reduced healthcare costs.

Speaker: Dr Wolfgang Rencken, Chief Executive Officer 

VALIRX (AIM:VAL)

Valirx Plc is an oncology-focussed Biopharmaceutical Company, developing treatments and diagnostics. Technologies are selected by using rigorous clinical and commercial processes to address unmet market needs. Clinical lead product is VAL201, a peptide for prostate cancer with follow-on indications in ovarian and breast cancers and endometriosis. Product VAL401, is a small molecule reformulation for lung cancers. The Company’s proprietary technology platform, GeneICE, enables selective silencing of rebellious genes’ inappropriate activity. VAL101, the first GeneICE therapeutic, targets and reduces expression of Bcl-2, implicated in about half of cancers. GeneICE extension to neurology and inflammatory diseases will follow. A novel diagnostic, the Nav3 system, detects pre-cancerous, cancerous and metastatic cells in tissue samples even before a tumour forms; indicating potential malignant formation.

Speaker: Satu Vainikka, CEO

Supported by:                                                                                                      Event Sponsor:





 

DRESS CODE: Business attire 

 

New Aircraft Leased to New Customer

RNS


RNS Number : 0587X

Avation PLC

14 November 2014






AVAP



14 November 2014

AVATION PLC

('Avation' or 'the Company')



NEW AIRCRAFT LEASED TO NEW CUSTOMER

AGM CLARIFICATION



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has entered into a Letter of Intent, secured finance and received deposits to lease two new ATR 72-600 aircraft.

The two new aircraft are to be leased for 12 years to new client, Airline Allied Services Limited, a wholly owned subsidiary of Indian state carrier Air India and operating under the name of 'Air India Regional'. The aircraft are scheduled for delivery in December 2014 and January 2015 and will be the twenty-first and twenty-second ATR 72's purchased by the Company.

To finance the deliveries, Avation PLC has today entered into a binding letter of offer for senior debt finance with an export credit agency. The interest rate margin and cost of funds are consistent with Avation's 2014 OECD credit rating. The overall cost of funding is in line with Avation's typical commercial bank sourced senior funding.

Commenting today, Jeff Chatfield, Executive Chairman of Avation PLC, said: "Consistent with our strategy of diversifying the customer base and geography for our leased aircraft we are pleased to announce this new client and geographic diversification into India. We welcome Air India Regional as an operator and are pleased to have secured additional export credit finance for India."



AGM Clarification

The Directors have responded to questions from shareholders concerning the Company's intentions and policies. In order to be transparent to all shareholders the directors wish to confirm their intentions around equity issues made for cash pursuant to resolution 9 (disapplication of pre-emption rights) of the upcoming AGM.

Assuming that the relevant resolution is passed the directors intend that, where possible, should any fund raising be required, the company's brokers be asked to contact existing shareholders and allow them to participate in such fund raising pro-rata to their holding (shareholders will need to ensure the Company stockbrokers have their contact details). Directors will retain the discretion over the terms of such placing. However, notwithstanding the foregoing, if and only if it is proposed that new shares be issued at pricing which represents a discount to the per share net tangible assets (NTA), then shares will only be issued on a fully pre-emptive basis by way of a rights issue or open offer.

New RNS today.

First ATR 72 Delivery to Air India Regional

RNS


RNS Number : 6886A

Avation PLC

24 December 2014






RNS: AVAP: LSE December 24, 2014



AVATION PLC

("Avation" or "the Company")



First ATR 72 Aircraft delivery to Air India Regional



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has taken delivery of a new ATR 72-600 aircraft direct from the factory in France and that at delivery the aircraft was been leased to Airline Allied Services Limited, otherwise known as Air India Regional, the domestic airline arm of Air India, the national carrier of India.



This is the first aircraft that the Company has delivered to Air India Regional and is the airline's first ATR 72-600. The Company has a second ATR 72-600 on order with Air India Regional for delivery anticipated in January 2015.



This aircraft is the Company's twenty-first new ATR 72 aircraft to date.



Mr. Rohit Nandan, Chairman, Air India Regional stated that "We are pleased to introduce into our fleet an aircraft which has clearly become the new reference among all regional planes. The ATRs have proven for years their reliability and their ability to bring our passengers to every destination of our regional network".



Commenting today, Jeff Chatfield, Executive Chairman of Avation, said: "We are very happy to fulfil this order from Air India Regional and to take delivery of our twenty-first new ATR72 aircraft. It is pleasing to be the lessor of choice to deliver the first aircraft in Air India Regional's fleet renewal program. Air India Regional is a new customer in a new geographical region for the Company, further diversifying the Company's portfolio and we are very pleased to be leasing to India's national carrier."





-ENDS-

Conditional sale of two ATR72 aircraft
RNS
RNS Number : 8935E
Avation PLC
13 February 2015



13 February 2015



AVATION PLC

(the 'Company')



Conditional sale of two ATR72 aircraft



Avation PLC, the commercial aircraft leasing company, advises that it has entered into a conditional arrangement to sell two aircraft. One aircraft relates to a future 2015 delivery for an ATR72-600, new off the production line in 2015, and the second aircraft is an existing ATR72-600 which was delivered to a European airline in 2014. The lease on the second aircraft has subsequently been terminated and Avation has repossessed the aircraft. The purchaser is another commercial aircraft lessor counterpart.



The transaction is conditional on financial terms typical of these arrangements and is expected to close in the second half of the financial year. The conditions include the typical requirements for inspection of aircraft and records and the like. The security deposit from the aircraft lessor counterpart received is US $1m. The sales prices are consistent with the current market values of these aircraft and net revenues will be recorded from the sales.



Avation has a history of aircraft trading - it sold two ATR72s in 2014 and previously sold three Fokker 100 aircraft. The Company is prepared to trade aircraft when conditions permit, such as in respect to overall end user airline credit profiles or when the disposal prices are satisfactory.



Jeff Chatfield Executive Chairman said "Avation currently owns 22 options and purchase rights over future delivery of ATR72-600 aircraft. We intend to use these delivery positions strategically, negotiating as operating lessor with what we view as suitable credit airlines, or otherwise selling these positions. We consider each delivery position option and sale on a case by case basis".



-ENDS-

FINANCIAL RESULTS AND INTERIM MANAGEMENT REPORT
RNS
RNS Number : 2893F
Avation PLC
19 February 2015

RNS: AVAP

19 February 2015



AVATION PLC

(the "Company")



FINANCIAL RESULTS AND INTERIM MANAGEMENT REPORT

FOR THE SIX MONTHS ENDED 31 DECEMBER 2014



"Record number of new ATR 72 deliveries and significant reduction to cost of debt capital"



Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company is pleased to announce unaudited consolidated financial results for the six-month period ended 31 December 2014.



Highlights for the period are as follows:



• Revenue increased by 13% to US$27.7m compared with US$24.6m in the six months ended 31 December 2013;

• Avation generated earnings per share of 11.4 U.S. cents;

• The fleet increased to 29 aircraft (as at the date of this report), with five new ATR 72-600 aircraft delivered in the six month period ended 31 December 2014;

• The average cost of debt capital across the group further reduced to 4.6% (31 December 2013: 5.5%); and

• Avation established a medium term business pipeline and exercised options to place a firm order for five additional ATR 72-600 aircraft for delivery in 2016.



Avation expects to continue fleet growth with a minimum of 13 new aircraft scheduled to be delivered by the end of 2016. These aircraft represent an investment equivalent to approximately 61% of total assets as at 31 December 2014.



Commenting today, Avation PLC Chairman, Jeff Chatfield said:



"The Directors are pleased with the growth in Avation's core leasing business driven by a rapid rate of deliveries of new aircraft in the period. This growth has also seen the introduction of new airline customers that has further diversified the company's sources of revenue.



"The latest half-year period also saw the announcement of a sale and leaseback with Thomas Cook for two new Airbus A321 aircraft delivering in early 2016. This is the company's first sale and leaseback transaction of brand new aircraft."



"Avation also secured long term fleet growth by firming five delivery options for ATR72 aircraft for delivery in 2016. This takes the number of firm aircraft scheduled to be delivered between now and the end of 2016 to 13 aircraft. In addition to this Avation has 22 further options for future deliveries for ATR 72 aircraft for delivery from 2017 onwards."



"Growth in core leasing revenue and total fleet assets will through the execution of these contracted deliveries of aircraft. The Board is confident that this increase in the scale of the business combined with the significant reduction in average cost of debt across the fleet will continue to provide sustainable growth and drive future earnings."



Further information on Avation PLC can be seen at: www.avation.net. Avation PLC is registered in England and Wales with its operational headquarters in Singapore.

It goes down on approx 30,000 shares traded pathetic isn't it .

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)

Today ST of IC has a price target of 200p.

Second ATR72-600 Delivery to Air India Regional
RNS
RNS Number : 0239G
Avation PLC
27 February 2015



AVAP



27 February 2015

AVATION PLC

('Avation' or 'the Company')



SECOND ATR72-600 DELIVERY TO AIR INDIA REGIONAL



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has taken delivery of another new ATR 72-600 aircraft from the factory in France and that the aircraft has been delivered to Airline Allied Services Limited, otherwise known as Air India Regional, the domestic airline arm of Air India, the national carrier of India.



The lease is for an initial term is 12 years. This is the second ATR72-600 that the Company has delivered to Air India Regional and it joins the first aircraft delivered by the Company in December 2014. This delivery is the Company's twenty-second new ATR 72 aircraft delivered to date.



Commenting today, Jeff Chatfield, Executive Chairman of Avation, said: "We are happy to fulfil this order from Air India Regional and to purchase another new ATR72 aircraft. It is pleasing to be the lead lessor in Air India Regional's fleet renewal program. Air India Regional was a new customer in a new geographical region for the Company, diversifying the Company's portfolio and we are pleased to be leasing to India's national carrier."



---ENDS---

USD24m PDP financing facility
RNS
RNS Number : 3028G
Avation PLC
03 March 2015

AVAP: LSE March 3, 2015



AVATION PLC

("AVAP" or "the Company")



US$ 24m PDP financing facility for two new Airbus A321-200's for 2016 deliveries

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has been successful in securing a $16m Pre Delivery Payment "PDP" finance facility from a major European Bank. The use of funds is to finance PDPs for two new Airbus A321-200'S which will be delivered in February and March 2016.

Salient terms of the transactions include:

· The first PDP financing program conducted by the Company;

· The Company has already invested US$ 8.2m in the aircraft transaction;

· A further additional US$ 16m PDP facility has been provided by major European Bank; and

· The aircraft will be leased to Thomas Cook for a period of 12 years.

The Company has entered into a Sale and Leaseback transaction with Thomas Cook for the purchase of the aircraft new at delivery in Feb / March 2016 and the lease of these aircraft to Thomas Cook for 12 years.

Jeff Chatfield, Executive Chairman, said: "We continually seek to acquire aircraft with a wide range of finance solutions. The establishment of the PDP finance program provided by the company with the assistance of a major European Bank, is another important step in the group's fleet expansion program."



-ENDS-

COMPLETION OF CONDITIONAL SALE OF AIRCRAFT
RNS
RNS Number : 4858K
Avation PLC
17 April 2015

RNS: AVAP

17 April 2015



AVATION PLC

(the "Company")



COMPLETION OF CONDITIONAL SALE OF AIRCRAFT



Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, announces that, further to the announcement made on 13 February 2015, it has now completed the sale of one of the ATR 72-600 aircraft.



A further announcement will be made once the second conditional sale is completed which is expected in the next two months.







-ENDS-

Avation flying high and primed to soar further

By Ian Lyall

April 28 2015, 3:44pm
Avation 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.
Avation 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.


The next time you are in a busy departure lounge peering out onto the tarmac, waiting for your flight, bear this tiny pearl of wisdom in mind.

Only half the planes pulling in and out of the stands are owned by the companies whose corporate colours they sport.

The other 50% are supplied by aircraft leasing firms, such as Avation (LON:AVAP), experts in sourcing and financing the work-horses of the sky.

Without these firms the industry would be grounded. For even the big firms, flag fliers such as British Airways owner IAG, need a little help marshalling their assets effectively.

Avation 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.

Aircraft leasing is on the face of it a reasonably simple business.

Companies such as Avation, and its American rivals Airlease, Aircastle and Avolon, will acquire an aircraft then lease it on – the airline will then take care of all the maintenance.

The skill comes in sourcing the finance, the right aircraft and mitigating the risks involved with the transaction.

The ATR72-600 – a modest twin prop plane that seats 72 – in round numbers, comes in at US$20mln. An Airbus A320 will set you back a tasty US$45mln.

So, if you botch any part of the lease or financing of the deal, you are, as they like to say in London’s East End, in big shtuck.

That Avation has done 29 lease deals with firms such as Virgin Australia, Flybe and Thomas Cook Airlines means it has more than a degree of competence in this arena.

The model, when stripped down, is a little like the template used by property firms.

Avation finances its acquisitions using 75% senior, secured bank debt. A typical plane might be leased on the basis of repaying back to Avation around 144% of the acquisition price over the 12 years of a contract.

They can then be leased out for another 12 years, albeit at lower rate than a brand-spanking-new airliner.

Somewhat counter-intuitively though (and a quirk of depreciation rates versus lease income), the older models yield more than the new inventory.

The sums involved are massive. Even with a modest portfolio the amount of debt Avation has taken on board is eye-watering for a company capitalised at US$115mln, standing at US$330mln. That said, its portfolio is worth over US$500mln.

The average rate of interest paid on the debt is 4.6%, the interim results revealed, down from 5.5% a year earlier.

Avation mitigates the risk posed by a sharp rise in interest rates by borrowing over the term of the lease, rather than over two or three years and constantly refinancing. That way it always knows it will receive more in lease payments than it shells out to the banks.

The banks, meanwhile, are keen to finance leasing deals because a new plane appreciates in value when it is leased out.

So, an ATR 72-600 worth US$20mln might have a net present value of US$25mln once it starts generating a monthly lease fee due to the value of the income stream associated with the lease.

This also has a flattering impact on the bank’s balance sheet and provides an incentive to finance more of these leasing deals.

Now, if your brain is whirring a little at this point, as mine was when I spoke to Avation’s finance director Richard Wolanski, consider this: for the last three to four years his company has been growing at 30% plus annually and has announced contracts that will grow the company by 40% over the next 12 months.

Not just that, the after-tax profit margin is 25% - so it isn’t sacrificing margins in return for growth.

The stock has doubled in value over 24 months as management, led by executive chairman Jeff Chatfield, has delivered.

The plan is to add another 12 planes to its portfolio in the next two years and double its size within about 3 years.

“The beauty of aviation finance is you apply the business model to one plane and you can roll it out to 200 planes. It works exactly the same,” says Wolanski.

“All we are doing is repeating the same thing. We have done it 29 times now.”

It is interesting that even after the sharp rise in the share price in the past two years, the stock is valued at just 6-7 times earnings, where its rivals are valued at 12-15 times.

Avation also trades at a discount to net asset value,where its American quoted peers are usually valued at closer to 1.5 times NAV.

So, whichever way you cut it, there is potential for growth either organically, as Avation adds to its portfolio, or via a stock re-rating.

The broker WH Ireland is predicting revenues of US$58mln this year, rising to US$70.5mln next year and then to US$88.7mln in 2017, giving pre-tax profits of US$17.1mln, US$23.6mln and US$31.2mln respectively.

Domiciled in Singapore, its results will benefit for the next five years from the 10% tax rate paid by certain foreign businesses that locate in the city state.

The broker reckons the stock, currently changing hands for 140p each, is worth 206p.

Wolanski said: “That’s what’s exciting about the company; we have locked in so much future growth and almost eliminated all of the execution risk associated with that growth.”

SMALL-CAP-SHARE-IDEAS-Aircraft-leasing-firm-Avation-set-fly-higher-thanks-new-contractsl

Have it reached the bottom for the moment being?

directors are buying

Director Deals - Avation Plc (AVAP)
on 1 June 2015, Epsom Assets Ltd, a company in which Jeff Chatfield, Chairman of the Company, has an interest, bought 30,000 ordinary shares of 1p each in the Company ("Shares") at a price of 137.5p and 50,000 Shares at 140p.

On the same day, Richard Wolanski, Finance Director of the Company, purchased 10,000 Shares at 137.5p.

LEASE OF AIRCRAFT TO FLYBE & 2015 AIRCRAFT PLACED
RNS
RNS Number : 4433R
Avation PLC
29 June 2015

29 June 2015



AVATION PLC

("AVAP" or "the Company")



LEASE OF AIRCRAFT TO FLYBE AND ALL 2015 AIRCRAFT PLACED

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has signed a lease to supply an additional new ATR72-500 to Flybe PLC (Flybe), the UK based regional carrier. The aircraft, which will be delivered toward the end of 2015 represents the fifth new ATR 72-600 aircraft placed with Flybe. All five aircraft will be operated by Flybe, on behalf of Scandinavian Airlines (SAS), under a while label arrangement for a period of six or more years.

This lease is at typical lease rates and is for a term of six years with an option for a further six years.

Following the lease of this aircraft, Avation has placed all of its committed 2015 new aircraft deliveries.

Jeff Chatfield, Executive Chairman, said: "We are pleased to announce this contract for the lease of a fifth aircraft to Flybe, which further strengthens our partnership. We look forward to initiating the delivery stream to Flybe, which is scheduled to commence in September 2015. The Company is also evaluating the potential acquisition of a number of existing aircraft, which are currently on lease to a variety of other airlines."

Flybe CEO Saad Hammad said: "Flybe has established a strong relationship with Avation PLC. This helped to secure the new contract for a fifth ATR 72-600 aircraft for expanding our white label relationship with SAS, Scandinavia's largest airline. We are focused on delivering a first class implementation at SAS when we launch operations in Stockholm for them later this year."

- ENDS -

AVATION TO PURCHASE A320 ON LEASE TO AIR FRANCE
RNS
RNS Number : 4153V
Avation PLC
07 August 2015

AVAP: LSE by RNS; SGX NET 7 Aug 2015



AVATION PLC

("AVAP" or "the Company")



AVATION TO PURCHASE A320 ON LEASE TO AIR FRANCE

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has signed an agreement with Dublin-based aircraft lessor, Avolon, to purchase an A320-200 aircraft, which is operated by and is on lease to Air France.

The acquisition of this Airbus A320-200 aircraft, with engine type CFM56-5B4, is only subject to technical due diligence and execution of the lease novation by AVAP, the airline and vendor. The purchase of the six years old aircraft is being conducted on typical commercial terms. The company expects an economic closing of the acquisition during the current financial period.

The Airbus A320 is in widespread use around the globe and is one of the most popular single-aisle aircraft in airline service with passengers, airlines and leasing companies alike. Since the delivery of the first Airbus A320 in 1988, Airbus has sold a total of 4,773 (i).

Air France has an extensive fleet of around 129 A320 family aircraft which are operated on the airline's extensive network around Europe. Air France currently carries 54 million passengers a year with some 670 flights per day (ii).

Following the completion of this acquisition, Avation PLC will own six aircraft from the A320 family.

Jeff Chatfield, Executive Chairman, said: "I am pleased to announce this contract for the purchase of another A320-200 aircraft. The aircraft is on lease to Air France, one of the world's most prestigious airlines. The Company is focussing on pursuing a strategy involving diversifying the airline customer base and geographical dispersion and the addition of this aircraft meets these criteria. The Company is further evaluating the potential acquisitions of a number of additional aircraft that are currently in-service with other airlines to continue our growth trajectory."

- ENDS -

AVATION COMPLETES SALE OF ATR 72
RNS
RNS Number : 1410W
Avation PLC
14 August 2015

14th August 2015



AVATION PLC

("AVAP" or "the Company")



AVATION COMPLETES SALE OF ATR 72

Avation PLC (LSE: AVAP), the commercial aircraft leasing company, has today completed the sale of a previously announced disposal of an ATR 72-600 aircraft.



This transaction completes the conditional sale of two aircraft which were announced on the 13th February 2015 and represents the completion of the sale of the second of the two aircraft, the first of which was announced as completed on the 18th April 2015. The sales price is consistent with current market values. The Company's portfolio of aircraft remains unchanged at 29 aircraft, all of which are on lease to commercial airlines.



- ENDS -

Unaudited preliminary results

ST of IC - On a bid-offer spread of 123p to 127p, I rate Avation’s shares a medium-term buy offering significant upside potential.

avation-set-to-enter-largest-growth-phase-says-finance-chief

FIRST FLYBE AIRCRAFT DELIVERY
RNS
RNS Number : 3365Z
Avation PLC
17 September 2015

LSE: AVAP

17 September 2015

AVATION PLC

(the 'Company')

FIRST FLYBE AIRCRAFT DELIVERY

Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, has delivered into operation a new ATR72-600 aircraft to be operated by UK commercial airline Flybe.

The delivery is the first of a series of new ATR72-600 aircraft which will be progressively delivered new to Flybe during the course of 2015 and early 2016. This arrangement was initially announced on the 23rd of February 2015. The lease rate and terms are typical for leases of this type: the initial duration of the leases is six years with the client options for further term extensions.

Avation Plc Executive Chairman, Jeff Chatfield said: "We are satisfied with the financial outcome of owning over 20 ATRs we have flying today in the liveries of several airlines in a variety of countries and environments. We are pleased to be associated with two major European aviation operators like Flybe and SAS, and we are confident that the introduction of these new ATR 72 -600s may bring us additional opportunities to place additional new ATRs in Europe as airlines start replacing their earlier generation aircraft."

COMPLETION OF PURCHASE A320 ON LEASE TO AIR FRANCE
RNS
RNS Number : 5919Z
Avation PLC
21 September 2015

21 September 2015



AVATION PLC

("AVAP" or "the Company")

COMPLETION OF PURCHASE A320 ON LEASE TO AIR FRANCE

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it has completed the purchase of an Airbus A320-200 on lease to Air France that was initially announced on 7 August 2015.

The aircraft was acquired from another aircraft leasing company. The aircraft is four years old and the purchase is being conducted on typical commercial terms. This A320-200 delivery brings the number of A320 "family" aircraft owned by the Avation PLC group to six aircraft.

Jeff Chatfield, Executive Chairman, said:

"We are pleased to take ownership of this A320-200 on lease to Air France, one of the world's most prestigious airlines. The Company is executing its strategy of building the portfolio, diversifying the airline customer base and the addition of this aircraft meets those criteria. On a case by case basis, provided it makes economic sense, Avation is willing to purchase aircraft from other aircraft lessors, manufacturers as well as airlines in sale and lease back transactions. Avation would like to thank all the parties involved for their speedy transaction execution."



- ENDS -

SECOND FLYBE AIRCRAFT DELIVERY
RNS
RNS Number : 8691B
Avation PLC
12 October 2015

LSE: AVAP

9 October 2015

AVATION PLC

('Avation' and the 'Company')

SECOND FLYBE AIRCRAFT DELIVERY

Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, is pleased to announce that it has delivered into operation a second new ATR 72-600 aircraft to the UK commercial airline Flybe.

This delivery is the second of a series of five new ATR 72-600 aircraft which will be progressively delivered to Flybe during the course of 2015 and early 2016. The aircraft is in the livery of Scandinavian Airlines (SAS) and will be operated by Flybe for SAS under an operational contract arrangement called the "white label" project. The lease rate and terms are typical for leases of this type; the initial duration of all leases is six years and the client has options for lease term extensions.

Avation understands that it is the second largest ATR lessor worldwide, in terms of firm orders. This aircraft overall is the 25th ATR 72 aircraft that Avation has taken delivery of since 2011.

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to be able to deliver promptly this second ATR 72-600 aircraft to Flybe and SAS. We believe the ATR 72-600 to be an ideal aircraft type for the shorter regional routes of Europe, due to the fact that it has the lowest fuel burn and overall operating cost economics in its class."

http://www.rns-pdf.londonstockexchange.com/rns/8691B_-2015-10-9.pdf


-- ENDS -

ST of IC today - On a bid-offer spread of 145p to 148p, I continue to rate Avation’s shares a medium-term buy offering potentially 35 per cent upside to my 200p target price.

Proactive investor -

Capital Lease Aviation set to de-list from AIM



11:11 16 Oct 2015

Capital Lease Aviation is a subsidiary of plane leasing firm Avation

Capital Lease Aviation set to de-list from AIM

WH Ireland expects Avation to buy the remaining stake next year


Capital Lease Aviation (LON:CLA) is to de-list from AIM subject to AGM approval.

The company is a subsidiary of plane leasing firm Avation (LON:AVAP), which has progressively increased its stake to about 97% from 62% over the last 18 months.

“The rationale for the delisting is to reduce costs which have become disproportionate in relation to the free float,” broker WH Ireland said.

It added that it expects Avation to buy Capital Lease outright sometime in the next year.

“The move may in due course enable Avation to present a more transparent picture to investors and bondholders thus allowing better access to the markets as it continues along its steady growth trajectory”.

Shares in Capital Lease dropped 16% to 19.6p while Avation nudged 2.4% lower to 143p.

Results in the morning


15/12/2015 BUY Jeff Chatfield CH 15,000
15/12/2015 BUY Roderick Mahoney ED 15,000
02/12/2015 BUY Roderick Mahoney ED 25,000
02/06/2015 BUY Jeff Chatfield CH 30,000
02/06/2015 BUY Jeff Chatfield CH 50,000

Half yearly report

ST of IC - Of course, this is a highly geared company by its nature and net borrowings dwarf shareholders funds of $122m. But with cash profits set to soar from $63m to $94m in the next 12 months, and total revenues from unexpired leases totalling over $400m on Avation’s existing fleet of 34 planes, then there is clear visibility of future income to service the debt and leave a tidy sum left over for shareholders.

In the circumstances, I am therefore maintaining my buy stance and 200p target price.

Avation buys Airbus and leases it to Thomas Cook

07:51 26 Feb 2016

Leasing firm Avation now has a fleet of 35 owned aircraft, it said, as it delivered a new Airbus A321-200 to holiday giant Thomas Cook.

Avation buys Airbus and leases it to Thomas Cook




Leasing firm Avation (LON:AVAP) now has a fleet of 35 owned aircraft, it said, as it delivered a new Airbus A321-200 to holiday giant Thomas Cook.

Avation chairman Jeff Chatfield said: "Avation is pleased to deliver this new Airbus A321 to Thomas Cook Airlines Limited on a 12 year lease.

"This brings Avation's current fleet of owned aircraft to 35. The company has been a lessor to Thomas Cook for nine years and we are grateful for their continued confidence and custom."

To support the purchase of the Airbus, the firm secured an asset backed senior debt facility with a new banker and prior to delivery, it made finance payments.

The plane is an Airbus A321-200 equipped with CFM International CFM56-5B3/3 engines, seating 220 passengers.

House broker WH IRELAND repeated a 'buy' and 260p a share price target after the news.


It left its forecasts unchanged. For full year 2016, it estimates revenue of $71mln, representing growth of 24.8% and resulting in pre-tax profit of $13.4mln - a transitionary year for Avation.



The shares remain undervalued on a range of valuation metrics, added the broker.

FOURTH FLYBE ATR72 AIRCRAFT DELIVERED

RNS


RNS Number : 6639S

Avation PLC

19 March 2016




AVATION PLC

("Avation" or "the Company")

Fourth Flybe ATR72 Aircraft Delivered



Avation PLC (LSE: AVAP), the commercial passenger aircraft lessor, announces the successful acquisition and delivery of a fourth ATR 72-600 aircraft to Flybe Group PLC ("Flybe"), the UK leading regional airline.

The aircraft is new and will be operated by Flybe on behalf of Scandinavian Airlines ("SAS") under a wet lease operational contract arrangement termed the "White Label" project and will operate in Scandinavia in the livery of SAS. The lease duration is six years with an extension option.



-ENDS-

Acquisition of Commercial Aircraft

RNS


RNS Number : 6318T

Avation PLC

31 March 2016




AVATION PLC

("Avation" or "the Company")



DELIVERY OF NEW AIRBUS A321

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the successful completion of the delivery of a second of a series of new Airbus A321-200 aircraft to Thomas Cook Airlines Limited. The aircraft was delivered at the Airbus manufacturing facility in Hamburg, Germany.



The lease is a 12 year operating lease and the terms are typical for a new delivery aircraft of this type. The Company has entered into an asset-backed senior debt facility, with an existing lender in order to finance the acquisition of this aircraft. The aircraft is an Airbus A321-200 equipped with CFM International CFM56-5B3/3 engines, seating 220 passengers. It will be operated by Thomas Cook Airlines Limited. Thomas Cook Airlines Limited is part of Thomas Cook Group Airlines and serves international destinations from multiple bases in Europe.



The Company's Executive Chairman, Jeff Chatfield commented that "Avation is pleased to deliver this second new Airbus A321 to Thomas Cook Airlines Limited, fulfilling a contract for the lease of two new aircraft. The Company has been a lessor to Thomas Cook for nine years and we are grateful for their continued confidence. We are also pleased to be taking delivery of our second factory-new aircraft from Airbus."



-ENDS-

ST of IC today, So with Avation's management team continuing to deliver on its fleet expansion programme, and the company lowly valued both in absolute and relative terms, I continue to rate the shares a buy and maintain my 200p target price. Buy.

Trading Statement

RNS


RNS Number : 8454I

Avation PLC

02 September 2016




AVATION PLC

("Avation" or "the Company")

Trading Update



As previously notified Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company expects to release its unaudited preliminary results for the year ending 30 June 2016 on 8 September 2016 with a conference call for investors scheduled for later that day.



The Company expects that the pre-tax profits will be above market expectations for the period. The unaudited lease revenues for the year are anticipated to be about 25% higher than for 2015, increasing to about US $71 million. Financial year 2016 second half profits are expected to be materially increased when compared with the first half of the year. For the year ending 30 June 2016 Pre Tax Profit is expected to be approximately US 18 million and associated earnings per share are anticipated to be about 32 cents per share. The increased profits are primarily due increased trading profits from the disposal of aircraft.



Avation's Executive Chairman, Jeff Chatfield commented that: "It is satisfying to announce a profit upgrade which represents high profit growth along with corresponding growth in revenue. The Company has been highly active in terms of aircraft acquisitions of new aircraft during the year. More commentary will be provided at the time of the results publication on 8 of September 2016."



-ENDS-

More information on Avation can be seen at: www.avation.net

Enquiries:


Avation

Jeff Chatfield, Executive Chairman




T: +65 6252 2077














Notes to Editors:

Avation PLC

Avation PLC is a commercial passenger aircraft leasing company owning and managing a fleet of jet and turboprop aircraft which it leases to commercial passenger airlines. The Company's customers include Vietjet, Thomas Cook, Air France, Condor, Air Berlin, Flybe, Scandinavian Airlines, Air India, Virgin Australia, Fiji Airways and UNI Air.

Preliminary results

Overview

· In Avation's tenth year as a public company, it has reported record revenue and profit

· Lease revenue increased by 25.0% to $71.2 million (2015: $56.9 million)

· Operating profit grew 35.6% to $45.6 million (2015: $33.6 million)

· Total profit after tax increased 37.6% to $18.3 million (2015: $13.3 million)

· Operating cash flows increased 20.9% to $52.5 million (2015: $43.5 million)

· Earnings per share ("EPS") increased 42.5% to 34.2 cents (2015: 24.0 cents)

· Interim dividend per share to increase by 8.3% to 3.25 US cents (2015: 3.00 US cents)

ST of IC today - Target price

So, no matter which way I look at it, and even after applying a small cap liquidity discount, Avation’s shares are far too lowly rated given the positive market outlook, and company specific profit drivers I have outlined above.

In fact, I feel that the target price of 200p I outlined in my article a few months ago when I recommended buying the shares at 145p could prove conservative (‘Get ready for take-off’,2 Jun 2016) as it only equates to a price-to-book value ratio of 0.8 times for the 12 months to end June 2017 and a rating of around 7.5 times conservative looking earnings estimates.

Offering 36 per cent upside potential, I rate Avation’s shares a buy on a bid-offer spread of 146p to 147p.

Sale of two aircraft

RNS


RNS Number : 6734J

Avation PLC

13 September 2016




AVATION PLC

("Avation" or "the Company")

TRADING OF MID LIFE AIRCRAFT



Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces completion of the sale of the second of two 2003 built Airbus A321 aircraft which are leased to Thomas Cook Airlines. The aircraft were sold to a US based investor.



Sale of these aircraft is consistent with the Company's desire to focus on new aircraft. These two aircraft are mid-life aircraft being 13 years old. The net sales proceeds will be applied towards funding new aircraft deliveries. The sale of the first of these two aircraft was previously announced in the Company's preliminary results announcement on 8 September 2016.



The Company's Executive Chairman, Jeff Chatfield commented: "Avation's fleet policy is to sell older aircraft to other lessors when economic conditions permit, reflecting the Company's desire to own new aircraft. In our view a disposal policy for mid-life aircraft is part of a sensible risk mitigation strategy. Management estimates that 85% of the balance sheet value of our aircraft relate to aircraft that are currently less than 5 years old and by this metric we have a relatively modern aircraft fleet."



-ENDS-

ST of IC today - So, having recommended buying Avation's shares at 147p at the time of the full year results ('In the ascent', 12 Sep 2016), I feel that my fair value estimate of 220p is looking conservative and I have raised it to a target range between 225p and 240p. At the upper end the shares would be rated on less than nine times earnings, and 10 per cent below the end of June 2017 NAV estimates of 266p a share, excluding any bid premium on a sale of the ATR portfolio. Strong buy.

SALE OF A321 ON DELIVERY
RNS
RNS Number : 9354N
Avation PLC
01 November 2016
 
AVATION PLC
("Avation" or "the Company")
SALE OF A321 ON DELIVERY
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the successful delivery and sale of the fourth new Airbus A321-200 aircraft out of the Company's orderbook for six A321-200s with VietJet Air. This aircraft is a new delivery from the Airbus production facility in Hamburg, Germany.
 
The aircraft has been sold by the Company with the lease in place to a Chinese lessor.  The Company's rationale for the sale is both favourable economics and the management of concentration risks.    
 
-ENDS-

Avation PLC (AVAP:LSE) set a new 52-week high during today's trading session when it reached 181.50. Over this period, the share price is up 35.34%.

Yippee .

AGM Statement
RNS
RNS Number : 1829P
Avation PLC
15 November 2016
 
 
AVATION PLC
("Avation" or "the Company")
AGM STATEMENT, DIVIDEND CURRENCY ELECTION AND TRADING UPDATE
 
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces its dividend currency will be United States Dollars ("USD") and advises that Jeff Chatfield, Executive Chairman, will provide the following Chairman's address, including an Interim Management Statement and Trading Update at the Company's Annual General Meeting today. 
 
DIVIDEND CURRENCY ELECTION
Avation's functional currency is the USD. All of Avation's assets, liabilities and revenues are denominated in USD. Avation's Board of Directors has resolved to declare and pay future dividends in USD.
Going forward, the default currency for payment of dividends will be USD. However, shareholders will be provided the opportunity to elect to receive dividends in British Pounds, or in other currencies, by advising Computershare, the Company's share registrar.
 
INTERIM MANAGEMENT STATEMENT AND TRADING UPDATE
DISCLAIMER: Please note that certain statements in this announcement are forward-looking statements including without limitation, statements regarding future operations and performance, revenues, operating expenses, other income and expense items. These statements and any projection as to the Company's future performance represent management's estimates of future results and speak only as of today. These estimates involve risks and uncertainties that could cause actual results to differ materially from expectations. Further information on the factors and risks that may affect Avation's business is included in Avation's regulatory announcements from time to time, including results announcements. Avation assumes no obligation to update any forward-looking statements or information in light of new information or future events. Unauthorized recording of this transmission is not permitted.
Jeff Chatfield, Executive Chairman, will address the Annual General Meeting as follows:
"We are pleased to provide investors with an update on current operations. This statement concerns the period from 1 July 2016 through to today. Avation is a commercial aircraft lessor. We focus on narrowbody commercial jet and turboprop aircraft on long term leases. Avation's strategy is characterised by the pursuit of owning new and relatively new aircraft on long term leases and selling off mid-life and older aircraft. The Company's business model has a history of delivering profitability while simultaneously mitigating some of the risks inherent to the aircraft leasing sector.
"The financial results for the last financial year 2016 included reporting lease revenues increasing 25% to $71.2 million and total profit after tax increasing 37.6% to $18.3 million year-on-year. We now comment on our progress since the end of the financial year. In this 2016-2017 financial year to date two brand new Airbus A321 jets have been added to the fleet with two mid-life Airbus A321 jets and one new Airbus A321 being sold. The brand-new aircraft was sold on delivery for risk mitigation reasons.
"As a result of trading activity, Avation's fleet stands at 38 aircraft. Importantly, as a result of the acquisition of new aircraft and the sale of older aircraft, Avation's fleet metrics have continued to improve since the end of the financial year. As at 1 November the weighted average age of the fleet declined to 3.3 years and the weighted average lease term has increased to 7.6 years.  
 "Avation has achieved significant progress in building and diversifying its aircraft fleet, and will continue this growth during the remainder of the current period with a further two new Airbus A321 jets to VietJet Air scheduled for delivery before 31 December 2016. As scale and diversification are delivered into our aircraft fleet, we will strive to lower the cost of debt, which improves the profitability of our existing leasing business and enables Avation to be more competitive in our mission to attract new airline customers.
"We continue to deliver economies of scale as the proportion of administration expense to fleet value continues to decline. We are pleased to report that Avation has a skilled and experienced team in place and a platform that can support further growth in fleet assets.
"Last month, Avation announced that it had received an expression of interest for the purchase of 22 of its ATR turboprop aircraft. This portfolio comprises relatively new aircraft with an average remaining lease term of approximately 6.3 years which are leased to a number of airlines in Europe, Asia and Australia. The portfolio generates high lease yields.
"Since the approach, Avation has announced the appointment of a financial adviser to evaluate the proposal and also engage with the wider investor market to determine the value of the portfolio.  The size of the portfolio makes it an attractive acquisition for a range of both strategic industry and financial investors.  
"For clarity and certainty, the board advises shareholders that no decision had been made to sell this highly valuable portfolio. The unexpired revenue for the 22 aircraft is in excess of $305 million as at 1 November 2016. The Board is considering and responding to an offer. There is no guarantee that a transaction will occur or even if an acceptable valuation can be achieved. Approval for any transaction would be sought from shareholders for an eventual bid which the Board determines to be acceptable. Shareholder approval would only be sought if the proposed transaction delivers a significant premium to book value for these assets. The timing for receipt of proposals is before the end of this calendar year.
"Avation remains committed to the ATR turboprop aircraft type. Avation is not currently proposing to divest itself of its future order and delivery options for further ATR aircraft which would allow Avation to rebuild a turboprop portfolio.
 "Should a sale of the portfolio be concluded, the Board would consider a dividend for part of the proceeds from the profit on the sale of the portfolio assets to shareholders immediately following conclusion of the transaction. Avation would then seek to reinvest the remainder of the proceeds into replacement aircraft assets that would rebuild the fleet and add further diversification and new airline customers.
"The Board observes that Avation PLC ordinary shares are presently trading at a discount to the net tangible assets. It is therefore appropriate and in the interests of shareholders to consider asset sales that generate a premium to book value as a way of delivering enhanced shareholder returns.
"The value proposition of a commercial aircraft lessor such as Avation is the ability to trade aircraft, access and acquire aircraft, manage and market aircraft to airlines and attach leases to these assets to produce returns to shareholders.   
"Avation will release further information regarding the proposed transaction or any material events occurring, but stresses that at this time no decision has been made.
"We would like to thank our shareholders for their continuing support."
 
-ENDS-

SALE OF FIVE FOKKER 100 AIRCRAFT
RNS
RNS Number : 5572S
Avation PLC
22 December 2016
 
 
AVATION PLC
("Avation" or "the Company")
SALE OF FIVE FOKKER 100 AIRCRAFT
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that it has sold five Fokker 100 aircraft. 
 
The five aircraft were the last remaining Fokker aircraft in the Avation fleet. The sale to the buyer has been effected by way of finance leases with the purchase price payable by way of monthly instalments over a term of three years. The total consideration for the aircraft is approximately at book value. The five aircraft were originally manufactured in 1992-1994.
 
Jeff Chatfield, Executive Chairman said "These aircraft were sold in accordance with the Company's risk policies and desire to maintain a young fleet."  
 
 
-ENDS-

I'm glad they got rid of them Fokkers .

careful. :-))

AIRBUS A321 AIRCRAFT DELIVERED TO VIETJET
RNS
RNS Number : 6780S
Avation PLC
23 December 2016
 
 
AVATION PLC
("Avation" or "the Company")
AIRBUS A321 AIRCRAFT DELIVERED TO VIETJET
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the successful purchase and completion of delivery of a further factory-new Airbus A321-200 aircraft (the "Airbus") to Vietjet, the leading domestic and international new-age carrier of Vietnam. This aircraft is an additional new aircraft delivery direct from the Airbus production facility in Hamburg, Germany.
 
This delivery completes the current series of aircraft contracted by the Company with Vietjet.
 
The Airbus is equipped with CFM International CFM56-5B3/3 engines and seating for 230 passengers, the highest seat density of an Airbus A321-200. It will be employed by Vietjet on its expanding route network of domestic and international destinations from multiple bases in Vietnam. The aircraft is serial number 7454 and was delivered on schedule. The long term operating lease terms are typical for an aircraft of this type.
 
Jeff Chatfield, Executive Chairman said "The Company has taken delivery of a total of eight factory new A321-200 aircraft during calendar 2016 on behalf of two lessees. This completes the new aircraft delivery schedule for 2016."
 
 
-ENDS

JUNIOR FINANCE FOR THREE AIRCRAFT
RNS
RNS Number : 3066U
Avation PLC
17 January 2017
 
 
AVAP.LN via RNS Reach
 
 
 
AVATION PLC
("Avation" or "the Company")
JUNIOR FINANCE FOR THREE AIRCRAFT
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that Tamweel Aviation Finance has made a press release concerning junior finance for the purchase of three aircraft.
 
The text of the press release is as follows:
 
 
"Novus' TAF finances three A321-200s for Avation PLC delivered to VietJet
 
Dubai, UAE - January 16, 2017: Tamweel Aviation Finance (TAF) has closed the financing of the third of a three-A321-200 new aircraft facility for Avation PLC (AVAP.LN), the London LSE listed and Singapore based lessor. All three aircraft are on long-term operating leases with fast-growing Vietnamese low-cost carrier VietJet Air.
 
TAF is the finance leasing platform managed by Novus Aviation Capital (Novus) which brings together a partnership of Airbus SAS (Airbus), the Development Bank of Japan Inc (DBJ) and Norddeutsche Landesbank Girozentrale (Nord/LB) to provide attractive high LTV mezzanine financing to the world's airlines and lessors for Airbus products. Having just completed three years of successful operation, TAF has grown to a portfolio size of more than US$1 billion of assets by market value.
 
"We are very pleased to add Avation to the growing list of customers of Novus dedicated financing platform," said Mounir Kuzbari, Managing Director at Novus.
 
"A key driver of Avation's profitability is the overall cost of finance and the amount of leverage. TAF's mezzanine facilities are a useful leverage tool for transactions of this nature," said Jeff Chatfield, Executive Chairman at Avation PLC. 
 
-ENDS-

Half year report to Dec 16

Overview
·   Lease revenue increased by 43% to $45.1 million;
·   Earnings before interest and tax ("EBIT" or "Operating Profit") grew 54% to $27.6 million;
·   Profit before taxation increased by 51% to $8.4 million;
·   Total profit after tax increased 54% to $7.4 million;
·   Operating cash flows increased 65% to $31.1 million; and
·   Earnings per share ("EPS") increased 46% to 12.9 cents.

Looks good here , hope we can move up slowly .

On Thursday, Avation PLC (AVAP:LSE) closed at 209.50, -2.10% below its 52-week high of 214.00, set on Jan 04, 2017.

7 March Avation in a Shares investor evening London.

Who Should Attend?Date:

Tuesday 7th March 2017

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

Here's another that gets knocked back , again more buys all week but they drop it in a flash .

Nice rise today though .

ST of IC today - So, ahead of the next update on the bidding process, and having last advised buying at 195p ('Targeting record highs', 21 November 2016), I continue to rate Avation's shares a buy and have upgraded my target price to 250p, inline with the latest book value. Buy.


The bidding process is for the 22 ATR 72's.

TURBO-PROP PORTFOLIO
RNS
RNS Number : 6443Z
Avation PLC
16 March 2017
 
 
AVATION PLC
 TURBO-PROP PORTFOLIO
Avation PLC (LSE: AVAP, "Avation" or the "Company"), the commercial passenger aircraft leasing company, announced on 26 October 2016 that it had received an expression of interest to purchase a portfolio of 22 ATR 72 aircraft.  With the assistance of a financial adviser the Company ran a global process to consider the proposal and benchmark alternative bids associated with the potential sale of such a portfolio. 
 
The Company carefully considered the process for the sale of the portfolio. It was pleased to receive eight offers for all or parts of the portfolio. In reviewing the offers, the Company considered the consequential impact on revenues of the business, the impact to the Company's credit ratings, lessee diversification and concentration, the potential for redeployment of the sale proceeds and other factors.
 
After due and careful consideration, the Company has decided that the optimal commercial outcome is a sale of a smaller portfolio of aircraft. The Company is currently in discussion with a single commercial lessor for a proposed sale of six existing leased ATR 72 aircraft. The Company has executed a conditional letter of intent with the proposed purchaser which has made a $3 million cash deposit, refundable in the event of non-completion.  The transaction is expected to close prior to the end of June 2017 with an economic closing date of 7 of April 2017.  The transaction is subject to entering into definitive sale documentation and the usual conditions of transactions of this type, including the purchaser novating debt finance and technical inspections.
 
Assuming the transaction completes, as it remains conditional, the outcome is at a price above the Company book value for these aircraft and releases approximately $31 million in net proceeds to the Company after transaction costs and debt repayment. The Directors will carefully consider the redeployment of proceeds through the acquisition of a diversified portfolio of leased aircraft.
 
The Company may pay a dividend in the ordinary course of business associated with the Company's year-end. There is no special dividend under consideration in relation to this transaction.
 
Executive Chairman Jeff Chatfield said "This was an extremely positive process for the Company, eight existing and new lessors were interested in part or all of the ATR portfolio. Many of these bidders offered to pay cash above book value. But, in our view selling such a large proportion of our fleet would reduce revenues too dramatically. Aircraft valuations remain high, with a rush of new liquidity into the aircraft lessor market. The efficient redeployment of the proceeds from the sale of 22 aircraft would therefore be challenging in the current aircraft pricing environment.  In our view the exercise did validate the Company aircraft valuations and verified our business model.
 
"In electing to sell six aircraft, we expect to release approximately $31 million in equity (before costs), which can then be leveraged. We are confident the proceeds can be redeployed in a sensible manner in the near term.   
 
"The Company remains extremely confident in the ATR aircraft which is the leading turboprop in the world with about 85% global market share. The Company has three ATR-72s to place in 2017 and a further six in future years with 27 additional options over new aircraft. The Company plans to continue to invest in ATR-72s in addition to jet aircraft.  Avation PLC is in net growth mode in 2017 and is actively seeking airline sale and lease backs along with secondary trade transactions with other lessors."
 
-ENDS-

ST of IC today - My target price of 250p is not only achievable, but is looking increasingly conservative. Buy.
 

About time this really took off eh .

TURBOPROP PORTFOLIO TRANSACTION
RNS
RNS Number : 1004D
Avation PLC
24 April 2017
 
AVATION PLC
("Avation" or "the Company")
  TURBOPROP PORTFOLIO TRANSACTION
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announced on 16 March 2017 that it had entered into a letter of intent in relation to the sale of six ATR 72-600 aircraft. The Company confirms that it has now entered into definitive sale and purchase agreements with Chorus Aviation Capital Corp., and certain of its subsidiaries in relation to the aircraft.
 
Chorus Aviation Inc. (TSX: CHR), the parent company of Chorus Aviation Capital Corp., has made an announcement in respect of the transaction which is appended to this announcement. The sale and purchase agreements remain subject to confirmation of bank finance by Chorus Aviation Capital Corp., as well as other closing conditions typical of transactions of this nature including the novation of the lease agreements by the respective airlines. The transactions are expected to complete prior to the end of June 2017.
 
The completion of the sale of all six aircraft releases approximately US$31 million in net proceeds to the Company after costs and debt repayments. The Directors will consider the redeployment of these proceeds through the acquisition of aircraft that further diversify Avation's portfolio.
 
Executive Chairman Jeff Chatfield said, "We are pleased to have progressed our strategy to further diversify our fleet. The value rationale for this series of transactions is the release of equity, which can be reinvested for growth, as well as the creation of an opportunity to diversify Avation's customer base. The company believes that improving airline customer diversification mitigates overall risk and therefore improves Avation's credit metrics. We remain confident in the prospects for the ATR aircraft type which is the leading turboprop in the world with a market share of approximately 85 per cent."
 
-ENDS-
 
More information on Avation can be seen at: www.avation.net
 
Enquiries:
Avation
Jeff Chatfield, Executive Chairman

 
T: +65 6252 2077

Notes to Editors:
Avation PLC is a commercial passenger aircraft leasing company, owning and managing a fleet of 40 jet and turboprop aircraft which it leases to airlines across the world. The Company's customers include Air France, Air Berlin, Air India, Condor, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, UNI Air and Vietjet Air.
 


FULL TEXT OF CHORUS AVIATION INC. ANNOUNCEMENT:
Chorus Aviation announces agreements to acquire
six ATR 72-600 aircraft on lease to Flybe and Virgin Australia
 
Halifax, April 24, 2017 - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today agreements by Chorus Aviation Capital's subsidiaries to acquire six ATR 72-600 aircraft with attached leases from Avation PLC. Three of these aircraft are currently on lease to U.K. carrier, Flybe, and three to Virgin Australia Airlines. The aircraft are between one and four years old and are the first ATRs added to Chorus Aviation Capital's growing regional aircraft fleet.
 
Commenting on the planned purchase, Chorus Aviation Capital's President, Steven Ridolfi, said, "We are delighted to announce this portfolio acquisition, adding two outstanding customers to our growing pool of airline lessees, and welcoming the addition of the first ATRs to our diversifying fleet."
 
Joe Randell, President and Chief Executive Officer, Chorus, said, "This investment further demonstrates the targeted expansion and growth strategy for Chorus into regional aircraft leasing. We are building a leading global regional aircraft lessor and look forward to announcing additional opportunities in the months ahead."
 
The aggregate purchase price for the aircraft is consistent with current market values for similar aircraft, and Chorus Aviation Capital intends to finance the purchase utilizing a combination of debt financing and cash with a leverage ratio of between three and four to one. The transactions are expected to close by the end of June 2017 and are subject to customary conditions precedent to closing, including novation of the existing leases and receipt of debt financing.
 
About Chorus
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world.  Chorus owns Jazz Aviation and Voyageur Aviation - companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul.  Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and recently established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases and support services. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. For more information about Chorus and its subsidiaries, see www.chorusaviation.ca.

Nice rise here Dream , hope it can hold it and move on .

Doing well VICTIM. :-))

Good results here , and hopefully good future .

Preliminary results

Overview
·   Lease revenue increased by 32% to $94.2 million;
·   Earnings before interest and tax ("EBIT" or "Operating Profit") grew 32% to $60.2 million;
·   Profit before taxation increased by 18% to $21.4 million;
·   Total profit after tax increased 16% to $21.3 million;
·   Operating cash flows increased 20% to $63.0 million;
·   Dividend per share increased by 85% to 6.00 US cents; and
·   Earnings per share ("EPS") increased by 6% to 36.3 US cents.

OPERATIONAL UPDATE
RNS
RNS Number : 7278Q
Avation PLC
14 September 2017
 
AVATION PLC
("Avation" or "the Company")
OPERATIONAL UPDATE
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company is pleased to announce it has signed multiple long term leases with two airlines for four aircraft.
 
In response to an analyst question, Avation confirms that it has signed a new lease for a mid life Airbus A321 which will commence on expiry of its existing lease in mid 2018. The aircraft will transition to another European Airline for a term of 72 months at typical commercial rates for a mid life aircraft.
 
Furthermore in respect to the Letter of Intent for three aircraft announced on the 19 July 2017 the long term leases have now been signed. The three aircraft are currently undergoing final configuration and are scheduled to be delivered toward the end of Q4 of 2017.
 
 
-ENDS-

Two new RNS's two new twin aisle aircraft , moving along just lovely here .

AIRCRAFT TRANSITION
RNS
RNS Number : 1442V
Avation PLC
31 October 2017
 
AVATION PLC
("Avation" or "the Company")
AIRCRAFT TRANSITION
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company is pleased to announce it has signed a conditional letter of intent with easyJet Airline Company Limited ("easyJet") for the entering into a new lease of an Airbus A320-200 serial number 4033.
 
The aircraft has been on lease to Air Berlin.  The term sheet for the new lease is subject to the customary conditionality and the settling of final documentation and the formal completion of easyJet's partial purchase of Air Berlin. The proposed lease rates and duration are typical for aircraft of that type.
 
Executive Chairman Jeff Chatfield said "we are pleased to have entered into a conditional term sheet with easyJet for a new lease of the Airbus A320 providing for the smooth transition of the aircraft. Avation does not expect any financial impairment, material loss nor gain associated with the transition of the aircraft from Air Berlin to easyJet".
 
 
-ENDS-

PRICES U.S. DOLLAR DENOMINATED BOND TAP
RNS
RNS Number : 6784W
Avation PLC
16 November 2017
 
AVATION PLC
("Avation" or "the Company")
PRICES U.S. DOLLAR DENOMINATED BOND TAP
 
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, advises that it has priced and issued a US$20,000,000 tranche of its 7.5% senior notes due 2020 at a premium with a price of 100.83. The notes issue is a tap of and to be consolidated into and form a single series with the existing US$120,000,000 senior notes due 2020 which were originally issued 2015 in the amount of US$100,000,000 and again in 2017 in respect of a further tap issue in the amount of US$20,000,000 (the "Notes"). The issuance was made under Avation's Global Medium Term Notes Programme.
 
Full details of the pricing of the issue are included below in this announcement.
 
Avation's Executive Chairman Jeff Chatfield said: "The Company has decided to establish a financing package using, in the main part, attractively priced bank finance for the purchase of a series of additional aircraft scheduled for delivery before the end of December 2017. This tap issuance forms a part of the overall financing for the aircraft.    
 
Avation remains a disciplined borrower. The reopening tap issuance was priced at a premium. RW Pressprich was sole bookrunner for the transaction."

AIRCRAFT OPTIONS PORTFOLIO
RNS
RNS Number : 6783W
Avation PLC
16 November 2017
 
AVATION PLC
("Avation" or "the Company")
AIRCRAFT OPTIONS PORTFOLIO
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, advises that it has expanded its aircraft options pipeline to 30 options for new ATR72-600 aircraft over the next five years. Previously Avation had 27 options for new ATR72-600 aircraft.  
 
- ENDS -

Who Should Attend?Date:

Wednesday 29 November 2017

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

Cannacord got a 300p target here , dissapointing last few weeks , seem to be looking to future here this company .

Proactive investor - Avation should be trading at a premium to NAV, Canaccord Genuity says
Share
12:56 20 Nov 2017
“Contrary to airlines, leasing companies like Avation have excellent long term revenue visibility and are consistently profitable,” the broker said.

Avation’s customers include EasyJet, Air France, Virgin Australia, EVA, Thomas Cook, Philippine Airlines and VietJet
Canaccord Genuity has initiated coverage on aircraft leasing company Avation PLC (LON:AVAP) with a ‘buy’ recommendation and a 300p target price.
The broker, which has just been appointed joint broker to the company, said Avation is a relatively low-risk, asset-backed business with excellent growth prospects.
“Future growth is reinforced by the virtuous circle of more aircraft (types), more blue chip airlines on long term leases, enhanced scale and diversification, lower costs of debt through improved credit ratings and improved margins and earnings growth,” Canaccord Genuity asserted.
As for the “low-risk” bit of the equation, the broker noted that counterparty risk is kept at a low level through having a broad spectrum of commercially viable airline customers in Europe and Asia-Pacific.
Avation’s customers include EasyJet, Air France, Virgin Australia, EVA, Thomas Cook, Philippine Airlines and VietJet.
Although well-publicised airline collapses might indicate to the contrary, Avation is serving a sector where the growth prospects are decent; aeroplane makers Boeing and Airbus predict average growth of 4.4%-4.7% for the next 20 years.
“Contrary to airlines, leasing companies like Avation have excellent long term revenue visibility and are consistently profitable,” the broker said.
The company has doubled the value of its fleet every three years in each of the past five years, and with roughly half of the 35,000-40,000 global aircraft deliveries over the next 20 years expected to be financed by lessors, there should be plenty of growth.
With the share price trading at a 12% discount to its net asset value per share (NAV), Canaccord thinks the shares are a bargain at 214p and that they should be trading a premium to NAV.

FIRST ATR 72-600 DELIVERY TO MANDARIN
RNS
RNS Number : 5251X
Avation PLC
25 November 2017
 
AVATION PLC
("Avation" or "the Company")
 
FIRST ATR 72-600 DELIVERY TO MANDARIN AIRLINES
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has delivered a new ATR 72-600 aircraft to Mandarin Airlines, a subsidiary of Taiwan's flag carrier China Airlines. The delivery is the first in a series of new ATR 72-600 aircraft which will be delivered to Mandarin Airlines before the end of the year under leases that were announced on the 19th of July 2017. The leases are at market rates and the lease term is 8 years.
 
Avation PLC Executive Chairman, Jeff Chatfield said: "This is a milestone for the Company as it is the 30th new ATR 72 that the Company has taken delivery of. We are satisfied with the financial returns provided by the ATR 72 aircraft type. Globally the ATR 72-600 is the most popular regional turboprop aircraft and provides our airline customers with the most cost effective and environmentally friendly solution for regional airlines.
 
We are also proud to be associated with Mandarin Airlines and the China Airlines Group and we look forward to developing our partnership in future."
 
- ENDS -

Avation PLC: Canaccord reiterates buy at a target price of 300p

Boeing Avation Deliver Philippine Airlines 777-300
RNS
RNS Number : 5742Z
Avation PLC
17 December 2017
 
AVATION PLC
("Avation" or "the Company")
 
Boeing, Avation PLC Deliver Philippine Airlines' 10th 777-300ER
 
The Board of Avation PLC (LSE: AVAP), announces that the Company has acquired and delivered into service a new Boeing 777-300ER commercial passenger aircraft. 
 
The new Boeing 777-300ER aircraft is on long term lease at typical commercial rates for such aircraft with Philippine Airlines.  The Company understands that the 777 is the world's most successful twin-engine, long-haul airplane. The 777-300ER is equipped with the world's most powerful GE90-115B commercial jet engines, and can seat up to 386 passengers in a three-class configuration with a maximum range of 7,825 nautical miles (14,490 kilometers). This represents completion of the transaction announced by AVAP on the 11th of October 2017. The aircraft is the tenth 777-300ER operated by Philippine Airlines.
 
Avation PLC Executive Chairman Jeff Chatfield said:  "We're pleased our first twin-aisle delivery is a Boeing 777, the marquee airplane in its class. We're confident this airplane will complement our regional and single-aisle fleet and help Avation continue to grow as a full-service commercial aircraft lessor."
 
The full text of the relevant Boeing announcement is included below.
 
-ENDS-

Have you ever been awarded an MBE for your services to share holders dream , I'll have a word with Treesa .

I'm a Sir. :-))

Well I'm glad your not a Madam , Sir .

No certainly not. lol

Good trading update at AGM today ,

Another RNS out Airbus 330 acquired and leased to Taiwan Airlines .

Missed earlier RNS lease of Airbus to Easyjet .

Should see new highs in 2018.

Avation delivers third ATR 72-600 to Mandarin Airlines
StockMarketWire.com
Avation has delivered a third new ATR 72-600 aircraft to Mandarin Airlines, a subsidiary of Taiwan's flag carrier China Airlines.

This delivery aircraft serial number 1473 is from a series of new ATR 72-600 aircraft which were to be delivered to Mandarin Airlines before the end of 2017 under leases that were announced on 19 Jul.

Avation said the leases were at market rates and the lease duration was eight years. Executive chairman Jeff Chatfield said: 'We are pleased to have completed this delivery programme before the end of 2017 and to be the lessor selected by Mandarin Airlines to introduce the ATR 72-600 into their fleet.

'Globally the ATR 72-600 is the most popular regional turboprop aircraft and provides our airline customers with the most cost effective solution for regional operations.

'This aircraft MSN1473 is the company's 31st ATR 72-600 new aircraft delivery.'

At 8:52am: (LON:AVAP) Avation Plc share price was -3.5p at 233p


Story provided by StockMarketWire.com

Who Should Attend?Date:

Wednesday 28 February 2018

Venue:

Radisson Blu Hotel Edinburgh, 80 High Street, The Royal Mile, Edinburgh, EH11TH

Event Timings:Sponsored by:

Interims Monday 26 Feb 18

Half year report

Key Financial Metrics
· Fleet assets increased by 35% to $1.008 billion since 30 June 2017;
· Revenue increased by 16% year on year to $52.4 million;
· Weighted average cost of total debt declined to 4.8%;
· Total profit after tax decreased by 8% year on year to $6.7 million; and
· Earnings per share ("EPS") decreased 15% year on year to 10.9 cents.
Operational Highlights
· Record growth with over $286 million in aircraft acquired in December 2017;
· First twin-aisle aircraft delivered into the fleet;
· First Boeing aircraft delivered into the fleet;
· Airbus A320 transitioned from Air Berlin to easyJet; and
· Four new customers added taking total airline customers to twelve.

MIDAS SHARE TIPS UPDATE: Growth is taking off for aircraft leasing business Avation
By Joanne Hart, Financial Mail on Sunday
Published: 10:43, 5 March 2018 | Updated: 10:43, 5 March 2018

Aircraft leasing firm Avation has delivered soaraway growth since Midas recommended the shares in 2013.
Then the stock was 63½p and the company’s fleet was valued at £240 million. Today, the shares are 223p and the fleet is worth just over £1 billion.
Avation owns 37 planes, leased to customers such as easyJet, Thomas Cook, Virgin Australia and Mandarin Airlines.


Looking ahead: Avation has added new planes to its fleet and attracted new customers
Chairman Jeff Chatfield is based in Singapore, because the Asian air travel market is growing fast, as incomes rise in the region.
Interim results last week revealed strong growth, as the group has added new planes to its fleet and attracted new customers.


The group reports in dollars so a profit of $18.2 million (£13.2 million) is expected for the year to June 30, rising to $23.5 million next year. A dividend of 6 cents (4.4p) is forecast for 2018, rising to 6.6 cents next year.
Midas verdict: Avation has performed well since 2013 but there is more to come. Existing investors should retain most of their shares, while new investors could also see value at 223p.
Traded on: Main Market Ticker: AVAP

That's good to see dream , wondered why this rose yesterday , I think it will do well now .

Hope it does VICTIM.

Proactive investor -

Avation's lease income to rise by nearly a fifth says finance boss
Share
15:14 13 Mar 2018
"Any simple maths will tell you that 9.6×6 months will see us generating over US$57.5mln in lease revenue in the second half"

Richard Wolanski, aircraft lessor Avation PLC’s (LON:AVAP) chief financial officer, has told Proactive he expects bumper revenues in the second half of the year.
The group ended the first half of the year (December) with 37 aircraft, a record size for its fleet, but the full benefit only started to come through from January.
Watch: Avation PLC's 'never looked stronger' - CFO Richard Wolanski
“In terms of revenue guidance, because we have that record fleet all through the second half of the financial year we are collecting about US$9.6mln a month in lease revenues.
“Keep in mind that the reported half-year revenue number was about US$42mln, any simple maths will tell you that 9.6×6 months will see us generating over US$57.5mln in lease revenue in the second half.
“Now that’s the clearest guidance we can give on revenue and that's the clearest guidance we’ve ever given on revenue.
“It’s going to be a very large leap from the first half to the second half.”
"That’s the nature of these assets if you buy aircraft in December," he added.
US$57.5mln revenue in second half
“While they turn up on the balance sheet those assets obviously haven’t generated any rent or only for a few days in December and so they’re going to be generating lease revenue all through the second half and so it’s going to be a very strong second half.”
Avation earned lease revenues of US$49.1mln in the second half of 2016/17, so revenue of US$57.5mln would equal an uplift of at least 17%.
The acquisition of the aircraft in December also meant the fleet’s value topped US$1bln for the first time.
It is the youngest ever fleet with the longest attached lease terms ever in the history of the company, Wolanski added, so as a portfolio of income-producing assets "we've never looked stronger".
“We’ve been going now for 12 years and the business model is to buy brand-new aircraft and lease them for long periods of time to the airlines.
“The risks that we face are in the residual value of the aircraft that we have to buy and sell at periods of time and (because these airlines are paying us rent effectively) to diversify into a broader range of very strong airline customers."
Four stong customers added
On that front, he said Avation has added four new airline customers to take the total to 12 from 8.
“The four airline customers that we picked up are among the strongest on our books: EasyJet, but also Philippine Airlines, Eva Air and Mandarin Airlines, so a couple in Asia as well.”
“I think if you look at the history of Avation, we’ve never changed our business model.
Double every 2 and half years
“We’ve been around for 12 years and certainly in the last five or six years the reason why investors look to this stock and buy the stock is while we do pay a 2% yield dividend, this is a company that doubles in size on average about every two and a half years and if you look at the last five or six years the share price has followed that.
“We have just delivered 35% asset growth in the first half of the financial year, you’ll see the lease revenue and the earnings from that growth be generated in the second half and for all periods to come.
"We’re still 10% off our record highs in terms of share price, but the company's never been larger, the rental roll has never been bigger, the revenues have never been bigger and the earnings are certainly going to be strong.”

LONG-TERM AIRCRAFT LEASE
RNS
RNS Number : 0137Q
Avation PLC
01 June 2018

AVATION PLC
("AVAP" or "the Company")
LONG-TERM AIRCRAFT LEASE
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that Far Eastern Air Transport Corp. of Taiwan ("FAT") has selected AVAP for the supply of one new ATR 72-600 aircraft on a twelve-year operating lease.
AVAP and FAT have entered into a conditional letter of intent for the lease of the aircraft. The aircraft will be configured to the customer's specifications and is expected to be delivered during September 2018. FAT announced its decision to Taiwanese media on 1 June 2018. The transaction is subject to completion of definitive documentation and customary conditions precedent.
ATR ORDER BOOK
The Company has now placed one out of the three remaining 2018 ATR 72 deliveries in its aircraft order book.
Jeff Chatfield, Executive Chairman, said: "Avation's strategy is to continue to diversify its lessee operator base and we welcome Far Eastern Air Transport Corp. of Taiwan as a customer. The ATR 72 is still the most popular and, on a per-seat-basis, the most fuel efficient commercial turboprop aircraft globally."
-ENDS-

AVATION PLC LEASES TWO BOMBARDIER CS300
RNS
RNS Number : 1871R
Avation PLC
13 June 2018

AVATION PLC
("AVAP" or "the Company")
AVATION PLC LEASES TWO BOMBARDIER CS300
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has signed leases with airBaltic for the supply of two Bombardier CS300 aircraft for durations of 12 years each to be acquired new at delivery.
The Latvian airline airBaltic is the world's most punctual airline connecting the Baltic region with over 70 destinations in Europe, the Middle East, and the CIS. Currently the airBaltic fleet consists of 31 aircraft and the company is moving towards a single-type fleet with the progressive introduction of up to 80 units of CS300 aircraft. With a previously announced order, airBaltic has become the largest European Bombardier C Series customer.
The C Series is the only new-technology single-aisle aircraft specifically designed to serve the 100 to 150 seat market. This drives the type's economic efficiency and performance, creating opportunities for small single-aisle operations. The C Series has booked firm purchase agreements for over 400 aircraft to date.
Jeff Chatfield, Executive Chairman, said: "The Company is pleased to welcome airBaltic as a addition to the Company's airline client base. The Company seeks long-term leases and these two 12-year leases align with our strategy. The Company continues to diversify its aircraft portfolio and recognises the importance of new technology single-aisle aircraft such as the CS300 and is appreciative of the progress made by Bombardier to achieve the smooth and successful entry into service of the C Series. Avation has a view that the C Series joint venture with Airbus and Bombardier may increase sales volume of the programme."
Martin Gauss, Chief Executive Officer of airBaltic said: "We are positively impressed with Avation PLC's speed of execution and are delighted to welcome them as one of our valued partners for supporting airBaltic's fleet modernization. With the new order of C Series airBaltic will introduce a single-type fleet of 50 CS300 aircraft with options for additional 30 aircraft for even stronger future growth."
Bombardier commented: "We are pleased to welcome Avation PLC as a new lessor to Bombardier and the C Series programme," said Colin Bole, Senior Vice President, Commercial, Bombardier Commercial Aircraft. "This investment is testament to the quality of the C Series order book and its tremendous value in the small single-aisle market following an exceptional entry-into-service in Europe and Asia. The leasing market seeks aircraft with good lease rate factors, and we are confident that Avation PLC will benefit from the C Series ongoing worldwide momentum."
-ENDS-

INTERIM MANAGEMENT STATEMENT
RNS
RNS Number : 1597T
Avation PLC
01 July 2018

AVATION PLC
("Avation" or "the Company")

INTERIM MANAGEMENT STATEMENT

Trading Update
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company provides an update in respect of trading performance for the financial year ended 30 June 2018.

The Company's business is operating in line with expectations. Management estimates that revenue for the year ended 30 June 2018 will be US$109 million (unaudited), representing an increase of 15% over the prior year.

Operational Update
As at 30 June 2018 Avation's fleet comprised 38 aircraft which are on lease to 13 airlines in 10 countries. The Company advises that it is scheduled to take delivery of two additional new aircraft early in the financial year commencing 1 July 2018. The first is a single aisle CS300 aircraft which will commence a 12 year lease to airBaltic in July 2018. The second is an ATR 72-600 aircraft which is expected to commence a 12 year lease to Far Eastern Air Transport Corp. of Taiwan in September 2018.

The Company is also assessing other aircraft purchase opportunities with a view to growing the fleet and further diversifying the Company's airline customer base. Additions to the fleet are subject to finding aircraft that meet the Company's investment and risk management criteria.

Finance Update
The Company recently completed a US$300 million issue of notes under the previously announced US$1 billion Global Medium Term Note (GMTN) programme. The GMTN programme has enabled Avation to create an efficient and flexible capital structure.

The Company's management believes that Avation has adequate liquidity and flexibility in its credit facilities to fund additional short-term fleet growth.

Credit Ratings
Following the US$300 million notes issue under the GMTN programme, Fitch Ratings upgraded Avation's corporate credit rating to 'BB-' from 'B+', outlook stable. The notes issued under the GMTN programme are also rated 'BB-'.

In April 2018, Standard & Poor's Global Ratings revised its rating outlook on Avation from stable to positive and affirmed their 'B+' long-term issuer credit rating on the Company. The rating attached to the notes issued under the GMTN programme has been maintained at 'B'.

Results Timetable
Avation intends to release its unaudited results for the financial year ending 30 June 2018 at 7:00am (BST) on 6 September 2017. The Company will hold a conference call for shareholders and bondholders at 1:00pm (BST) on 6 September 2017. Dial in details for the conference call will be published in due course.

The Company's Executive Chairman, Jeff Chatfield, said: "The Company has continued to perform strongly in the year ended 30 June 2018 and has grown the fleet by almost 40% and revenues by 15%. We continue to focus on delivering further growth in our aircraft fleet."

-ENDS-

Acquisition
RNS
RNS Number : 3012V
Avation PLC
20 July 2018

AVATION PLC
("AVAP" or "the Company")
AIRBUS A220-300 DELIVERY TO AIRBALTIC
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased a second new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease commenced on 19 July 2018 and is at a market lease rate.

Avation's Executive Chairman, Jeff Chatfield said: "We have expanded our fleet with a second delivery to Air Baltic and we are proud to be associated with this growing and popular airline. The Bombardier CS300 aircraft has been rebranded the Airbus A220-300 following completion of the acquisition of a majority stake in the C Series Aircraft Limited Partnership by Airbus. The A220-300 seats 130-160 passengers and has a range of up to 3,300 nautical miles. Avation is pleased to be involved with this programme as a Lessor and we are optimistic about the sales prospects for this new-technology, fuel efficient aircraft type."

-ENDS-

Prelim financial results for 2018
Key Financial Metrics
· Fleet assets increased by 38% to $1.030 billion since 30 June 2017;
· Revenue increased by 16% to $109.1 million;
· Total profit after tax decreased by 5.9% to $20.0 million;
· Earnings per share ("EPS") decreased by 11% to 32.20 US cents;
· Dividend per share of 7.25 US cents, an increase of 21% year on year; and
· Net asset value per share increased 12% year on year to $3.64 per share.
Operational Highlights
· Redeployment of the proceeds from sales of aircraft in 2017 supported the acquisition of $323 million in aircraft;
· Five aircraft added to the fleet, including three new aircraft types;
· An Airbus A320 aircraft was transitioned from Air Berlin to easyJet;
· Six new customers added taking total airline customers to thirteen at 30 June 2018;
· Credit enhancement with upgrades in credit ratings by Standard & Poor's ("S&P") and Fitch Ratings; and
· Extension of debt maturity duration with an issue of $300 million 6.5% Senior Notes due 2021 under the Company's Global Medium Term Note programme.

ATR 72 DELIVERY TO DANISH AIR TRANSPORT
RNS
RNS Number : 5065C
Avation PLC
01 October 2018

AVATION PLC
("AVAP" or "the Company")

ATR 72 DELIVERY TO DANISH AIR TRANSPORT
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has delivered the first new ATR 72-600 aircraft to Danish Air Transport AS ("DAT").
Jeff Chatfield, Executive Chairman, commented: "We are pleased to welcome DAT as a customer and wish them well with the aircraft which was delivered today at ATR's facility in Toulouse, France. The lease is for 12 years and is at a market rate."
Danish Air Transport comment: "We are pleased with Avation's speed of execution and the flexibility provided in quickly establishing a lease on a new plane."
Karine Guenan, Vice President Leasing, Asset Management & Freighter Customer & Structured Finance at ATR commented: "This is the first ATR 72-600 aircraft for DAT and is proof that the 600 series is the right aircraft for the replacement wave of previous generation turboprop aircraft, resulting in renewed demand. We welcome DAT to this community. We congratulate Avation PLC in their achievements to place new, modern aircraft in the regional aviation market."
-ENDS-

JET PORTFOLIO TRANSACTION
RNS
RNS Number : 7729C
Avation PLC
03 October 2018

AVATION PLC
("AVAP" or "the Company")

JET PORTFOLIO TRANSACTION
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has entered into a conditional sale and purchase agreement for the sale of one 23-month old A321-200 aircraft to an Asian buyer.
The sale and purchase agreement is conditional upon the novation of the lease to the buyer and other usual conditions to closing. The transaction is expected to close in October 2018. The sale is at approximate current market value ("CMV") for an aircraft of this type and age.
Jeff Chatfield, Executive Chairman, commented: "We are selling this aircraft purely for risk management and portfolio diversification reasons. The sale is in order to reduce financial exposure to one operator and jurisdiction. The sale is being conducted in line with market conditions, at a price around CMV, albeit that Avation's book value for the aircraft is materially lower than CMV due to an advantageous initial purchase."
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ATR DELIVERY TO DANISH AIR TRANSPORT
RNS
RNS Number : 3548I
Avation PLC
23 November 2018

AVATION PLC
("AVAP" or "the Company")

ATR DELIVERY TO DANISH AIR TRANSPORT
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has delivered a second new ATR 72-600 aircraft to Danish Air Transport AS ("DAT").
Jeff Chatfield, Executive Chairman, commented: "We are pleased to continue delivering aircraft from our order book. This new aircraft was delivered to DAT today at ATR's facility in Toulouse, France. The lease is for 12 years and is at the current market rate."
Mr Chatfield also stated: "Avation currently holds options for 25 additional new ATR 72-600 aircraft with delivery dates extending out to 2023. We note with interest the recent developments concerning the sale by Bombardier of the Q400 production line. Avation has no exposure to Q400 aircraft."
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FOUR ADDITIONAL AIRBUS A220-300 AIRCRAFT LEASED
RNS
RNS Number : 7933K
Avation PLC
18 December 2018

AVATION PLC
("AVAP" or "the Company")

FOUR ADDITIONAL AIRBUS A220-300 AIRCRAFT LEASED TO AIRBALTIC
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that airBaltic has selected Avation PLC for the sale and lease-back of four additional new Airbus A220-300 aircraft delivering in the first half of 2019. The Company has signed 12-year operating leases on the aircraft.
airBaltic is a hybrid airline offering low fares across a route network spanning over 70 destinations in Europe, Scandinavia, Russia, CIS and the Middle East. airBaltic's fleet currently consists of 34 aircraft and is moving towards a single-aircraft type fleet with the progressive introduction of more A220-300s.
Avation's Executive Chairman, Jeff Chatfield said: "We believe the A220-300 is an excellent, highly fuel-efficient new technology aircraft. We are growing our fleet with four more A220-300 aircraft leased to airBaltic and we are very proud to be expanding our partnership with this growing and popular airline. In 2018 we leased two A220-300s to airBaltic and these four additional new aircraft are planned to be delivered from the final assembly line in Q2 of 2019. The A220-300 is a new-technology single-aisle aircraft specifically designed to serve the 130 to 150 seat market. This drives the type's economic efficiency and performance, creating opportunities for regional single-aisle operations. We understand that orders for the Airbus A220 series already amount to over 400 aircraft."
Vitold Jakovlevs, the Chief Financial Officer of airBaltic said: "We are very pleased to be working with Avation once again. Avation has again demonstrated their competitiveness which, combined with our good experience with the first two aircraft, is why we have selected them a second time"
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PLACEMENT OF ATR-72 AIRCRAFT AND HALF-YEAR RESULTS
RNS
RNS Number : 5009N
Avation PLC
18 January 2019

AVATION PLC
("AVAP" or "the Company")

PLACEMENT OF ATR-72 AIRCRAFT AND HALF-YEAR RESULTS
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has entered into a long-term lease agreement with a South-Asian airline for one new ATR 72-600 aircraft. The lease is for a period of 8 years and otherwise on market-standard terms and conditions. The aircraft is expected to be delivered in France at the end of February 2019.

HALF-YEAR RESULTS
The Company advises that it expects to publish its results for the six-month period to 31 December 2019 on 21 February 2019.
The Company will make further announcements in due course in relation to the investor call to be held at that time.

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