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Avation PLC (AVAP.L)

AVAP.L on London Stock Exchange

197.00GBp
4:45am EDT
Change (% chg)

-6.00 (-2.96%)
Prev Close
203.00
Open
201.00
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Volume
1,380
Avg. Vol
80,888
52-wk High
229.00
52-wk Low
127.00

Latest Key Developments (Source: Significant Developments)

Avation Plc says received eight offers to purchase portfolio of 22 ATR 72 aircraft
Thursday, 16 Mar 2017 03:12am EDT 

Avation Plc : Received eight offers to purchase a portfolio of 22 atr 72 aircraft . Currently in discussion with a single commercial lessor for a proposed sale of six existing leased atr 72 aircraft . Assuming transaction completes, outcome is at a price above company book value for these aircraft .May pay a dividend in ordinary course of business associated with company's year-end; no special dividend under consideration.  Full Article

Avation Plc announces sale of five Fokker 100 aircraft
Thursday, 22 Dec 2016 02:08am EST 

Avation Plc : Sale of five Fokker 100 aircraft . Sale to buyer has been effected by way of finance leases with purchase price payable by way of monthly instalments over a term of three years .Total consideration for aircraft is approximately at book value.  Full Article

Avation Plc says raised 4.5 mln stg from placing shares
Thursday, 6 Oct 2016 02:00am EDT 

Avation Plc : Issue of equity .Conditionally raised 4.6 million pounds before expenses.  Full Article

Avation sees FY pretax profit above market expectations
Friday, 2 Sep 2016 07:40am EDT 

Avation Plc : Expects that pre-tax profits will be above market expectations for period . Unaudited lease revenues for year are anticipated to be about 25 pct higher than for 2015, increasing to about us $71 million . Financial year 2016 second half profits are expected to be materially increased when compared with first half of year .For year ending 30 June 2016 pre tax profit is expected to be approximately us 18 million.  Full Article

Avation PLC declares interim dividend
Monday, 7 Sep 2015 02:00am EDT 

Avation PLC:Says it has approved a dividend increase of 49 per cent to 3.00 US cents per share (2014: 2.01 US cents) in respect to the period ending June 30.The payment date is Sept. 28.  Full Article

Avation PLC completes sale of ATR 72-600 aircraft
Sunday, 16 Aug 2015 10:25pm EDT 

Avation PLC:Completed the sale of a previously announced disposal of an ATR 72-600 aircraft.  Full Article

Avation PLC to purchase A320 on lease to Air France
Friday, 7 Aug 2015 03:14am EDT 

Avation PLC:Has signed an agreement with Dublin-based aircraft lessor, Avolon.To purchase an A320-200 aircraft, which is operated by and is on lease to Air France.Acquisition of this Airbus A320-200 aircraft, with engine type CFM56-5B4, is only subject to technical due diligence and execution of the lease novation by AVAP, airline and vendor.Purchase of six years old aircraft is being conducted on typical commercial terms.Company expects an economic closing of acquisition during current financial period.Following completion of this acquisition, Avation PLC will own six aircraft from A320 family.  Full Article

Avation PLC announces lease of aircraft to Flybe & 2015 aircraft placed
Monday, 29 Jun 2015 02:00am EDT 

Avation PLC:Has signed lease to supply an additional new ATR72-500 to Flybe PLC (Flybe), UK based regional carrier.Aircraft, which will be delivered toward the end of 2015 represents the fifth new ATR 72-600 aircraft placed with Flybe.All five aircraft will be operated by Flybe, on behalf of Scandinavian Airlines (SAS), under a while label arrangement for period of six or more years.This lease is at typical lease rates and is for term of six years with an option for further six years.Has placed all of its committed 2015 new aircraft deliveries.  Full Article

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