Avation, a lessor of 32 commercial aircraft, has this morning confirmed that it has entered into an agreement with a major international bank for an $85m expandable portfolio financing facility. This will not only benefit the Group’s cashflow profile but is also at an interest rate reported to be substantially lower than Avation’s equivalent unsecured bond format financing, which is due for expiry in October 2026. Ahead of interim results later this month, we leave our forecasts unchanged. Again ....