Avation Share News (AVAP)

Avation swings to half-year profit, reduces aircraft impairment loss

(Alliance News) - Avation PLC on Friday said it swung an interim profit despite revenue falling, as it significantly reduced its aircraft impairment loss.

IN BRIEF: Avation signs agreement with new airline customer

Avation PLC - Singapore-based passenger aircraft leasing firm - Signs a lease agreement with new airline customer in the Pacific region. Says the lease is for an ATR 72-600 aircraft that was repossessed in August 2022, following the default of an airline in Myanmar. The aircraft is due to be delivered to the new customer for a lease term of 24 months. Notes that this reduces the number of off-lease aircraft in Avation's fleet to two from three.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Avation expects annual results ahead of expectations

Avation PLC - Singapore-based passenger aircraft leasing firm - Expects financial 2023 ending June 30 results to be "significantly ahead of market expectations". Says it is helped by lower than anticipated aircraft transition costs. Notes lower administration and legal costs, alongside improvements in finance income. Also gains on an investment in a listed airline. Avation will post an interim report for the six months that ended December 31 on March 31.

Avation sells Boeing 737-800 in move to newer low CO2 fleet

(Alliance News) - Avation PLC on Thursday said it has sold a Boeing 737-800 aircraft, as it looks to transition to newer low-carbon emission planes.

IN BRIEF: Avation extends tender offer for senior notes to February 17

Avation PLC - Singapore-based passenger aircraft leasing firm - Says Avation Capital SA extends tender offer for 9.00%/8.25% senior pik toggle notes due October 31, 2026 under USD1.0 billion global medium term note programme. Originally scheduled to expire this week Thursday, it is extended to next week Friday.

Avation expects interim revenue decline amid airline industry recovery

(Alliance News) - Avation PLC on Friday said it expects its revenue to fall as it noted that the airline industry is recovering from Covid-19 restrictions.

Avation H1 revenues down amid airline sector recovery

(Sharecast News) - Aircraft leasing firm Avation said on Friday that interim revenues had fallen as the airline sector continues to recover from the Covid-19 pandemic.

IN BRIEF: Avation increases tender offer for medium-term notes

Avation PLC - Singapore-based passenger aircraft leasing firm - Increases cap for tender offer of medium-term notes to USD100.0 million from USD60.0 million. Total consideration will now be set at a fixed price of USD860 for each USD1,000 principal amount of notes validly tendered.

IN BRIEF: Avation chief commercial officer Mahoney leaves role

Avation PLC - Singapore-based passenger aircraft leasing firm - Chief commercial officer Roderick Mahoney sells 148,667 shares for 115.19 pence each for a total of GBP172,305 as he retires from his role. Mahoney continues to serve as a non-executive director and board member of Avation. The company appoints Head of Commercial Development Soeren Ferre to the role of chief commercial officer.

TRADING UPDATES: Hardide confirms annual revenue guidance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

IN BRIEF: Avation extends deadline on USD60 million tender offer

Avation PLC - Singapore-based passenger aircraft leasing firm - Says Aviation Capital SA extends tender offer deadline to December 1 from November 17. All other terms and conditions remain unchanged from original announcement.

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Friday not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days