Avation is a lessor of commercial aircraft to a diversified airline client base. The group has this morning released an update to coincide with its AGM, pointing to an anticipated 12% increase in leasing revenue in the six months to 31 December 2019 and a 5% increase in the interim dividend to 2.1c. Following the repossession of the two A321 aircraft following the collapse of Thomas Cook, a letter of intent to lease both aircraft to an existing customer is reported to have been signed, with the ....
21 Nov 2019
Morning Comment
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Morning Comment
Avation PLC (AVAP:LON) | 108 1.6 1.4% | Mkt Cap: 76.5m
- Published:
21 Nov 2019 -
Author:
John Cummins -
Pages:
4
Avation is a lessor of commercial aircraft to a diversified airline client base. The group has this morning released an update to coincide with its AGM, pointing to an anticipated 12% increase in leasing revenue in the six months to 31 December 2019 and a 5% increase in the interim dividend to 2.1c. Following the repossession of the two A321 aircraft following the collapse of Thomas Cook, a letter of intent to lease both aircraft to an existing customer is reported to have been signed, with the ....