Avation is a lessor of commercial passenger aircraft to 17 airlines. Interim results to 31 December 2022 illustrated continued progress after a torrid couple of years for lessors and the wider airline industry brought about by the pandemic. Revenue of $46.3m and Other income of $9.0m, along with a number of other positive gains brought a return to profitability in the six-month period, while net debt reduced by $46.0m due to both positive operating cash flow and aircraft disposals. As at 31 Dece ....
03 Mar 2023
Avation - Interims show continued recovery; shares at a 50%+ discount to NAV
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Avation - Interims show continued recovery; shares at a 50%+ discount to NAV
Avation PLC (AVAP:LON) | 108 0 0.0% | Mkt Cap: 76.5m
- Published:
03 Mar 2023 -
Author:
John Cummins | Charlie Cullen -
Pages:
16
Avation is a lessor of commercial passenger aircraft to 17 airlines. Interim results to 31 December 2022 illustrated continued progress after a torrid couple of years for lessors and the wider airline industry brought about by the pandemic. Revenue of $46.3m and Other income of $9.0m, along with a number of other positive gains brought a return to profitability in the six-month period, while net debt reduced by $46.0m due to both positive operating cash flow and aircraft disposals. As at 31 Dece ....