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Avation PLC on Monday said it continued to perform in line with expectations so far in 2026 despite geopolitical uncertainty, with solid passenger demand in the Asia-Pacific. The Singaporebased aircraft leasing company said passenger demand in the Asia-Pacific region, where the majority of its airline customers are based, is forecast to grow by 5.1% in 2026, citing the International Air Transport Association. That is despite recent geopolitical uncertainty due to the war between the US and Iran that started in late February. The firm added that the Asia-Pacific region is expected to account for more than half of global passenger growth. Avation cautioned: ‘At the same time, supply chain constraints continue to delay new aircraft deliveries, resulting in significant order backlogs and constrained aircraft availability. This market backdrop has continued to support aircraft valuations and lease rates, with Avation experiencing increases in aircraft values and strong lease rates across its portfolio.’ Executive Chair Jeff Chatfield said: ‘Despite geopolitical uncertainty during 2026, the company has continued to perform in line with expectations, successfully refinancing its bond in November 2025 while continuing to expand its ATR 72-600 portfolio through new deliveries, firm commitments and valuable purchase rights that support the company’s growth over the coming years. We are also evaluating selective opportunities to acquire additional narrowbody aircraft in the secondary market. Trading as at 30 June 2026 remains consistent with management’s outlook.’ Avation shares rose 1.5% to 139.00 pence each on Monday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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