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/

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 .