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 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

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.
Directors present their latest plans regarding development and growth
An opportunity to talk directly to the companies and personally put forward your questions
The chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions

 

WHO SHOULD ATTEND?

The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Wednesday 26th November 2014

Venue:

Novotel Tower Bridge, 10 Pepys Street, London  EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee

18:30 - 20:30 Presentations

20:30 - 21:30  Drinks reception and canapés

 

Attendance is complimentary, but spaces are limited. Register now to secure your place!

 

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.

First ATR 72 Delivery to Air India Regional

RNS


RNS Number : 6886A

Avation PLC

24 December 2014






RNS: AVAP: LSE December 24, 2014



AVATION PLC

("Avation" or "the Company")



First ATR 72 Aircraft delivery to Air India Regional



The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has taken delivery of a new ATR 72-600 aircraft direct from the factory in France and that at delivery the aircraft was been leased to Airline Allied Services Limited, otherwise known as Air India Regional, the domestic airline arm of Air India, the national carrier of India.



This is the first aircraft that the Company has delivered to Air India Regional and is the airline's first ATR 72-600. The Company has a second ATR 72-600 on order with Air India Regional for delivery anticipated in January 2015.



This aircraft is the Company's twenty-first new ATR 72 aircraft to date.



Mr. Rohit Nandan, Chairman, Air India Regional stated that "We are pleased to introduce into our fleet an aircraft which has clearly become the new reference among all regional planes. The ATRs have proven for years their reliability and their ability to bring our passengers to every destination of our regional network".



Commenting today, Jeff Chatfield, Executive Chairman of Avation, said: "We are very happy to fulfil this order from Air India Regional and to take delivery of our twenty-first new ATR72 aircraft. It is pleasing to be the lessor of choice to deliver the first aircraft in Air India Regional's fleet renewal program. Air India Regional is a new customer in a new geographical region for the Company, further diversifying the Company's portfolio and we are very pleased to be leasing to India's national carrier."





-ENDS-

Conditional sale of two ATR72 aircraft
RNS
RNS Number : 8935E
Avation PLC
13 February 2015



13 February 2015



AVATION PLC

(the 'Company')



Conditional sale of two ATR72 aircraft



Avation PLC, the commercial aircraft leasing company, advises that it has entered into a conditional arrangement to sell two aircraft. One aircraft relates to a future 2015 delivery for an ATR72-600, new off the production line in 2015, and the second aircraft is an existing ATR72-600 which was delivered to a European airline in 2014. The lease on the second aircraft has subsequently been terminated and Avation has repossessed the aircraft. The purchaser is another commercial aircraft lessor counterpart.



The transaction is conditional on financial terms typical of these arrangements and is expected to close in the second half of the financial year. The conditions include the typical requirements for inspection of aircraft and records and the like. The security deposit from the aircraft lessor counterpart received is US $1m. The sales prices are consistent with the current market values of these aircraft and net revenues will be recorded from the sales.



Avation has a history of aircraft trading - it sold two ATR72s in 2014 and previously sold three Fokker 100 aircraft. The Company is prepared to trade aircraft when conditions permit, such as in respect to overall end user airline credit profiles or when the disposal prices are satisfactory.



Jeff Chatfield Executive Chairman said "Avation currently owns 22 options and purchase rights over future delivery of ATR72-600 aircraft. We intend to use these delivery positions strategically, negotiating as operating lessor with what we view as suitable credit airlines, or otherwise selling these positions. We consider each delivery position option and sale on a case by case basis".



-ENDS-

FINANCIAL RESULTS AND INTERIM MANAGEMENT REPORT
RNS
RNS Number : 2893F
Avation PLC
19 February 2015

RNS: AVAP

19 February 2015



AVATION PLC

(the "Company")



FINANCIAL RESULTS AND INTERIM MANAGEMENT REPORT

FOR THE SIX MONTHS ENDED 31 DECEMBER 2014



"Record number of new ATR 72 deliveries and significant reduction to cost of debt capital"



Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company is pleased to announce unaudited consolidated financial results for the six-month period ended 31 December 2014.



Highlights for the period are as follows:



• Revenue increased by 13% to US$27.7m compared with US$24.6m in the six months ended 31 December 2013;

• Avation generated earnings per share of 11.4 U.S. cents;

• The fleet increased to 29 aircraft (as at the date of this report), with five new ATR 72-600 aircraft delivered in the six month period ended 31 December 2014;

• The average cost of debt capital across the group further reduced to 4.6% (31 December 2013: 5.5%); and

• Avation established a medium term business pipeline and exercised options to place a firm order for five additional ATR 72-600 aircraft for delivery in 2016.



Avation expects to continue fleet growth with a minimum of 13 new aircraft scheduled to be delivered by the end of 2016. These aircraft represent an investment equivalent to approximately 61% of total assets as at 31 December 2014.



Commenting today, Avation PLC Chairman, Jeff Chatfield said:



"The Directors are pleased with the growth in Avation's core leasing business driven by a rapid rate of deliveries of new aircraft in the period. This growth has also seen the introduction of new airline customers that has further diversified the company's sources of revenue.



"The latest half-year period also saw the announcement of a sale and leaseback with Thomas Cook for two new Airbus A321 aircraft delivering in early 2016. This is the company's first sale and leaseback transaction of brand new aircraft."



"Avation also secured long term fleet growth by firming five delivery options for ATR72 aircraft for delivery in 2016. This takes the number of firm aircraft scheduled to be delivered between now and the end of 2016 to 13 aircraft. In addition to this Avation has 22 further options for future deliveries for ATR 72 aircraft for delivery from 2017 onwards."



"Growth in core leasing revenue and total fleet assets will through the execution of these contracted deliveries of aircraft. The Board is confident that this increase in the scale of the business combined with the significant reduction in average cost of debt across the fleet will continue to provide sustainable growth and drive future earnings."



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.

It goes down on approx 30,000 shares traded pathetic isn't it .

New Client for Four New Aircraft
RNS
RNS Number : 5387F
Avation PLC
23 February 2015



LSE: AVAP

23 February 2015

AVATION PLC

(the 'Company')

NEW CLIENT FOR FOUR NEW AIRCRAFT

Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, has entered into lease agreements for four new aircraft to be operated by UK commercial airline Flybe.

The four new ATR72-600 aircraft will be progressively delivered new to Flybe during the course of 2015 and early 2016. The lease rate revenues are consistent with operating leases of this type and term. The initial duration of the leases is six years with the client having further optional six year extension provisions.

The Company owns a significant number of option delivery positions on new ATR72-600 aircraft. The above aircraft represent three of the 2015 option delivery positions and one 2016 delivery position.

To provide a platform for further medium term growth the Company has firmed up its options with the manufacturer ATR for the delivery of five additional new ATR72-600 aircraft in 2016.

Jeff Chatfield, Executive Chairman of Avation PLC, said: "It is pleasing to continue to diversify the airline operator base of aircraft owned by the Company with the addition of Flybe. It is understood that the aircraft will remain on the UK register however they will be operated by Flybe in Scandinavia on behalf of Scandinavian Airlines System. Our strategy is to diversify our risk by geographic dispersion of our aircraft fleet and entering into these operating leases are consistent with that objective. The Company has a large proportion of its aircraft in Asia - Pacific and will continue to seek clients in this region, however, the Company views leasing aircraft to Northern Europe provides appropriate diversification."

-- ENDS -

About Flybe

Flybe, Europe's largest regional airline - 192 routes serving 12 countries from 82 departure points, 37 UK/45 European airports* (all routes on sale Feb '15 - Oct '15); operates more UK domestic flights than any other airline (UK CAA Jan '14 - Dec'14); named top UK airline for punctuality in report issued by UK consumer watchdog Which? (Dec 2014); is the largest scheduled airline by air traffic movements at Belfast City, Birmingham, East Midlands, Exeter, Inverness, Isle of Man, Jersey, Leeds Bradford, Manchester, Newquay and Southampton airports (UK CAA Dec '14); operates fleet of 60 aircraft - 45 Bombardier Q400, 4 Embraer 195 & 11 E175; codeshares with BA, Air France, Etihad, KLM, Finnair, Aer Lingus and Cathay Pacific; has two franchise partners, Loganair and Stobart Air and was Amsterdam Schiphol's Airline of the Year 2012 Europe.

* Flown under the Flybe brand (27 routes/11 airports exclusively served by Flybe's franchise partner, Loganair: and four routes and three airports exclusively operated by franchise partner, Stobart Air)

Today ST of IC has a price target of 200p.