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Avation PLC - Singapore-based aircraft leasing - Notes that the commercial aviation market continues to perform well amid air travel demand, and restrictions on supply of new aircraft. Looking ahead, the company says it is confident in being able to place remaining aircraft in order book at sound lease rates. Executive Chair Jeff Chatfield says: ‘The commercial aviation market continues to perform well, underpinned by strong demand for passenger air travel and continued supply chain issues restricting the supply of new aircraft. Avation is working to improve shareholder value by repurchasing shares and reinstating dividends. Avation is well placed to benefit from supportive industry dynamics, both in terms of growth by the placement of ten new ATR aircraft which we have ordered for delivery between 2025 and 2028 and by remarketing existing aircraft when their current leases expire, Avation is therefore confident in its ability to place the remaining aircraft in its orderbook at lease rates which will generate value for shareholders.’ Current stock price: 155.00 pence each 12-month change: up 23% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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