Avation PLC Expands Fleet with Airbus A320 Acquisition

Avation ( (GB:AVAP) ) has shared an update.

Avation PLC has announced the acquisition of an Airbus A320, which is currently leased to Etihad Airlines. This transaction enhances Avation’s narrow-body aircraft fleet and adds a high credit quality airline to its customer list. The acquisition, expected to close in March 2025, is part of Avation’s strategy to improve revenue diversification and overall credit quality. Additionally, Avation reported an increase in the average remaining lease term of its fleet, marking the first rise in this metric since the end of the COVID pandemic.

More about Avation

Avation PLC is an aircraft leasing company based in Singapore, specializing in the ownership and management of commercial passenger aircraft, which it leases to airlines globally.

YTD Price Performance: -5.92%

Average Trading Volume: 510,855

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £95.63M

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