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/

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

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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.