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/

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."





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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