30th Jun 2016 09:50
LONDON (Alliance News) - Aircraft leasing company Avation PLC on Thursday said its core leasing business has continued to trade in line with expectations in the financial year to the end of June.
For the year ending Thursday, the company anticipates leasing revenue will rise around 25% from the year before.
Avation added it has sold or intends to sell a number of older aircraft on its books in line with its policy to pursue sales when market conditions are favourable, and it added it continues to take delivery of aircraft from its order book.
Shares in Avation were up 2.2% to 140.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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