Avation is a lessor of 35 commercial aircraft to a diversified client base of 16 airlines. This morning, the group has announced that is has successfully entered into a new lease for its remaining off-lease ATR 72-600 to a Pacific airline, which is expected to be delivered in July. This is a major milestone for the group, having at its peak in the pandemic had the burden of 14 off-lease aircraft and the associated costs. In addition, Avation reports that 99% of its borrowing is hedged, with a we ....
10 May 2023
Avation - Final off-lease aircraft placed with 99% of borrowings hedged
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Avation - Final off-lease aircraft placed with 99% of borrowings hedged
Avation PLC (AVAP:LON) | 110 2.2 1.9% | Mkt Cap: 77.9m
- Published:
10 May 2023 -
Author:
John Cummins | Charlie Cullen -
Pages:
4
Avation is a lessor of 35 commercial aircraft to a diversified client base of 16 airlines. This morning, the group has announced that is has successfully entered into a new lease for its remaining off-lease ATR 72-600 to a Pacific airline, which is expected to be delivered in July. This is a major milestone for the group, having at its peak in the pandemic had the burden of 14 off-lease aircraft and the associated costs. In addition, Avation reports that 99% of its borrowing is hedged, with a we ....