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Avation biggest it has ever been and growing

With a fleet of 38 aircraft, Richard Wolanski, finance director of Avation PLC (LON:AVAP), says the aircraft leasing company is the biggest it has ever been.   “There is a big appetite for our aircraft.  Every metric from around the world particularly out of Asia is showing passenger traffic growth and we think with the 1500 planes that are manufactured every year by Boeing and Airbus there’s plenty of opportunity for us to keep growing.” 

Russ Hubbard has been appointed as head of aircraft trading to lead on Avation’s new and “exciting” selling of aircraft initiative.  “We sit in a space where we can actually take advantage of the new aircraft, and we can take and hold and take some cash benefits from middle aged aircraft and then sell them down as they get towards the end of life that we would like them, but they still have another 10-15 years of life for somebody else to use."

Wolanski adds: “There will be big growth in our revenues this year and that will flow through to 2017 and onwards as planes are leased for the long term.”

Quick facts: Avation PLC

Price: 182.5 GBX

Market: LSE
Market Cap: £114.37 m

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Avation aims to double the size of its fleet

Avation PLC (LON:AVAP) Finance Director Richard Wolanski explains how the Singapore-based airplane-leasing company is growing at a faster rate than US-based AerCap (NYSE:AER) and Air Lease Corporation (NYSE:AL), and aims to double the size of its fleet.  This week, the company added...

on 05/14/2019

2 min read