Avation announces "profitable" sale of new ATR aircraft
12th Jun 2025 11:35
(Alliance News) - Avation PLC on Thursday said it had completed its latest aircraft sale and said the modern commercial aircraft market is "extremely robust". Read More
(Alliance News) - Avation PLC on Thursday said it had completed its latest aircraft sale and said the modern commercial aircraft market is "extremely robust". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Avation PLC on Wednesday said it has signed a six-year lease agreement with Colombian carrier Clic Air SA for an ATR 72-600 aircraft, marking the aircraft lessor's first foray into the South American market. Read More
Avation PLC - Singapore-based aircraft leasing company - Completes acquisition of an Airbus SE A320 aircraft on a long-term lease to Etihad Airlines. The deal increases Avation's fleet to 33 leased aircraft. The lease of the 2013-built aircraft will last until October 2031. Read More
(Alliance News) - Avation PLC on Tuesday said it is considering a move to the Equity Shares (Commercial Companies) category of the London Stock Exchange, and reported a widened loss for the first six months of its financial year. Read More
Avation PLC - Singapore-based aircraft leasing - Confirms that Philippine Airlines has not exercised the early termination option on its lease of a Boeing 777-300ER narrow body aircraft from Avation. The option has expired as a result, and the lease will run its term to December 2029. Avation says its confirmation is in response to a question from an analyst. It doesn't provide the value of the lease. Philippine Airlines underwent a restructuring plan in 2021 in the wake of the Covid-19 pandemic but retained the lease on the Boeing jet at that time. "Avation intends to grow its narrow body aircraft portfolio in the near term," comments Executive Chair Jeff Chatfield. "Avation's fleet of aircraft is currently fully placed and being utilized." Read More
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." Read More
Avation PLC - Singapore-based aircraft leasing - Completes buyback of 7.8 million shares at 150 pence apiece, worth GBP11.7 million. The repurchased shares represent a 10.5% stake in Avation and will be held in treasury. Executive Chair Jeff Chatfield notes the shares were repurchased at a 47% discount to Avation's last reported net asset value of 285p per share, making the buyback "highly accretive to all residual shareholders". Read More
(Alliance News) - Avation PLC on Monday revealed that a profitable aircraft sale has freed up cash for reinvestment into previously announced orders. Read More
Avation PLC - Singapore-based commercial passenger aircraft leasing - Declares 0.5 pence per share final dividend for the financial year that ended on June 30. It will be Avation's first annual dividend since financial 2020, when it paid 10.6 US cents per share. "We are pleased to return to paying a dividend to reward our shareholders," says Executive Chair Jeff Chatfield. "We will continue to consider the payment of dividends in the future as and when the performance of the company permits." Avation will hold its annual general meeting on December 19 in Singapore. Read More
Avation PLC - Singapore-based commercial passenger aircraft leasing firm - Signs a twelve-year lease agreement with JCAS Airways Co Ltd, a Tokyo-based airline, for a new ATR 72-600 aircraft. This lease is the first of ten ATR 72-600 aircrafts ordered by Avation in May this year, under its long-term purchase contract with ATR. The aircraft is due to be delivered in October 2025, as the first aircraft in JCAS' fleet. Read More
(Alliance News) - The FTSE 100 is opened higher on Friday following rate cuts in the US and UK, with confidence that more will follow despite uncertainty after Trump's election. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Avation PLC - Singapore-based commercial passenger aircraft leasing firm - Sells two ATR 72-600 aircraft to Danish Air Transport. Says the sale is at book value and releases net cash proceeds of around USD10 million. Avation Executive Chair Jeff Chatfield says: "We are pleased to have successfully concluded these aircraft sales to our longstanding customer DAT. The company's strategy is to own a balanced portfolio of regional and modern commercial narrowbody aircraft, exiting these two ATR aircraft is aligned with that strategy." Read More
(Alliance News) - Avation PLC on Wednesday said that its main operating subsidiaries have been granted a further five-year tax incentive in Singapore under the Aircraft Leasing Scheme. Read More
Avation PLC - London-based commercial passenger aircraft leasing - Non-Executive Director Douglas Mahoney sells 140,000 shares at average 143.25 pence, worth GBP200,550, on Friday last week. Mahoney retains 730,000 shares, a 1.0% stake. Read More
(Alliance News) - Stock prices in London closed mixed on Friday, with the FTSE 100 finishing lower, but smaller indices ending in the green. Read More