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/

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-