- Avation climbs as it inks leases for three ATR aircraft
Quick facts: Avation PLC
Avation PLC is a commercial passenger aircraft leasing company that was incorporated in England and Wales in 2006 and whose shares are admitted to the standard segment of the UK listing authority’s official list and 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 Loganair, Virgin Australia, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, Garuda Indonesia, Galistair, airBaltic and Danish Air Transport. The company’s fleet includes Airbus A320 and A220 aircraft, Boeing 737 NG and 777-300ER aircraft, ATR 72 and Fokker 100 aircraft.
16 Aug 2021
() shares gained altitude on Monday after the company said it has signed new five-year leases for three ATR 72-500 aircraft with Australian airline Hevilift.
The company said two of the new leases are follow-ons for aircraft already operating with Hevilift, while the third is a new lease. The firm added that the first of the three new contracts commenced on August 10.
Avation said the three aircraft are all former () planes that is has been remarketing since the airline went into administration and the aircraft were returned.
“We are pleased to sign these long-term leases with Hevilift, an existing and valued customer. We are starting to observe a recovery in the air travel industry, notably in the regional sector where the ATR 72 is the optimal aircraft,” Avation executive chairman Jeff Chatfield said in a statement.
27 Jul 2021
(), the aircraft leasing company, said there is evidence in the marketplace that aircraft valuations have started to recover.
As has been well documented, the airline industry has been hit hard by the pandemic and concomitant restrictions on travel, and to reflect this Avation has revalued its fleet.
22 Jun 2021
(), the commercial passenger aircraft leasing company, has sold one of its ATR 72-500 aircraft.
The aircraft was one of 11 ATR aircraft previously leased to that the company got back when Virgin Australia entered administration.
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Avation PLC is a specialist commercial passenger aircraft leasing company managing a fleet of aircraft which it leases to airlines across the world. Our customers include Loganair, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu…
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