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/

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."

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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."
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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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