Avation is a lessor of 46 commercial aircraft to a diversified airline client base. This morning, the group has released results for the 12-months to 30 June 2020, which illustrate the challenges faced by its customer base as a result of Covid-19, as well as the corrective actions taken by the Board that have resulted in profitability being maintained in the year as a whole. Loan repayment deferrals of c.$24.4m were obtained in the period, in comparison to $13.1m short-term rent deferrals being ....
23 Oct 2020
WHI Morning Comment: Avation (AVAP) - Full year results illustrate actions taken in such a challenging backdrop
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WHI Morning Comment: Avation (AVAP) - Full year results illustrate actions taken in such a challenging backdrop
Avation PLC (AVAP:LON) | 113 2.3 1.8% | Mkt Cap: 80.0m
- Published:
23 Oct 2020 -
Author:
John Cummins -
Pages:
4
Avation is a lessor of 46 commercial aircraft to a diversified airline client base. This morning, the group has released results for the 12-months to 30 June 2020, which illustrate the challenges faced by its customer base as a result of Covid-19, as well as the corrective actions taken by the Board that have resulted in profitability being maintained in the year as a whole. Loan repayment deferrals of c.$24.4m were obtained in the period, in comparison to $13.1m short-term rent deferrals being ....