Avation, a lessor of 32 commercial aircraft, has this morning provided an update to coincide with its AGM, pointing to continued operational progress and positive market outlook. IATA recently reported global passenger growth in September of +3.6%, while lease rates are reported to have seen a meaningful uplift, driven by the supply demand imbalance within the industry. Avation continues to manage its fleet successfully and last month’s issue of $300m 8.5% senior unsecured notes due May 2031 has ....
