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Share Price Information for Avation (AVAP)

London Stock Exchange
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Share Price: 135.00
Bid: 135.50
Ask: 140.00
Change: -8.00 (-5.59%)
Spread: 4.50 (3.321%)
Open: 140.00
High: 142.00
Low: 135.00
Prev. Close: 143.00
AVAP Live PriceLast checked at -

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Avation confirms takeover talks with potential suitor

Mon, 06th Jan 2020 09:52

(Sharecast News) - Avation announced on Monday that it is undertaking a "comprehensive review" of its strategic options, in a bid to maximise value for shareholders.
The London-listed commercial aircraft lessor said its options included merger and acquisition activity, an aircraft portfolio sale or review, as well as a potential sale of the company through a formal sale process.

It said it had appointed Wells Fargo Securities as its financial adviser, to assist it with its review.

The board explained that the Takeover Panel had agreed that any discussions with third parties could be conducted within the context of a formal sale process.

As a result, the panel had granted a dispensation from the requirements of certain rules of the code, so that any interested party participating in the formal sale process would not be required to be publicly identified, and any interested party participating in the formal sale process would not be subject to the 28-day deadline.

"Following this announcement, the company is now considered to be in an 'offer period' as defined in the code, and the dealing disclosure requirements ... will apply," the board said in its statement.

"The company confirms that, at the time of this announcement, it is in preliminary discussions with one interested party about a potential sale of the company."

At 0948 GMT, shares in Avation were up 8.06% at 291.22p.
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29 Apr 2019 12:25

Avation Buys And Leases Fifth Airbus A220-300 Aircraft

LONDON (Alliance News) - Avation PLC, a commercial passenger aircraft leasing company, said Monday that it has bought and leased its fifth new Airbus A220-300 aircraft to airBaltic, a Latvian for

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28 Mar 2019 09:50

Avation Agrees To Buy Boeing 737-800 Aircraft For Undisclosed Sum

LONDON (Alliance News) - Aircraft leasing firm Avation PLC said Thursday it has agreed to buy a second-hand Boeing 737-800 next generation aircraft for an undisclosed sum, which is currently to on

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21 Feb 2019 11:08

Avation Declares Maiden Dividend After Record Interim Earnings Growth

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14 Feb 2019 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 Feb 2019 11:01

Avation Expects Sharp Rise In Interim Profit And Revenue

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18 Jan 2019 09:59

Avation Leases ATR 72-600 Aircraft To South-Asian Airline For 8 Years

LONDON (Alliance News) - Avation PLC on Friday said it has entered into a long-term lease agreement with an undisclosed South Asian airline for one new ATR 72-600 aircraft.The aircraft said

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3 Jan 2019 11:10

Avation Exercises Option For Eight Further ATR 72-600 Aircraft

LONDON (Alliance News) - Aircraft leasing firm Avation PLC on Thursday said it has ordered a further eight ATR 72-600 aircraft for the next three years.The deal, with French firm ATR, will

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18 Dec 2018 09:20

Avation to lease four more A220s to airBaltic

(Sharecast News) - Commercial passenger aircraft leasing company Avation confirmed on Tuesday that it had been selected by airBaltic for the sale and leaseback of four additional new Airbus A220-300 aircraft, for delivery in the first half of 2019.

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26 Nov 2018 18:41

DIRECTOR DEALINGS: Avation Executive Director Mahoney Sells Shares

LONDON (Alliance News) - Commercial passenger aircraft leasing company Avation PLC said Executive Director Roderick Mahoney sold 133,000 shares at a price of 253 pence per share.Following a

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3 Oct 2018 13:00

Wednesday broker round-up

(Sharecast News) - Yellow Cake: Berenberg reiterates buy with a target price of 254p.

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3 Oct 2018 08:42

Avation Sells Aircraft To Asian Investor For "Around" Market Value

LONDON (Alliance News) - Avation PLC said Wednesday it will sell a 23-month old aircraft to an unnamed Asian investor.The deal is due to close this October, with a conditional sale and for

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1 Oct 2018 11:41

Avation Delivers First New ATR 72-600 Aircraft To Danish Air Transport

LONDON (Alliance News) - Aircraft leasing company Avation PLC on Monday said it has delivered the first new ATR 72-600 aircraft to Danish Air Transport AS.In mid-August, the parties signed

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6 Sep 2018 14:49

Avation pleased with performance after redeploying capital

(Sharecast News) - Commercial passenger aircraft leasing company Avation issued its preliminary unaudited financial results for the year ended 30 June on Thursday, reporting a 38% uplift in its fleet assets to $1.03bn over the course of the 12-month period.

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6 Sep 2018 12:14

Avation Grows Annual Revenue But Profit Falls On Higher Expenses

LONDON (Alliance News) - Avation PLC on Thursday said revenue increased in financial 2018, but profit slipped due higher costs and an impairment.The passenger aircraft leasing company said

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15 Aug 2018 10:50

Avation Leases Two Aircraft To Danish Airliner For 12 Years

LONDON (Alliance News) - Avation PLC said Wednesday that it has leased two new ATR 72-600 aircraft to Danish Air Transport AS for 12 years.The commercial passenger aircraft leasing company

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