An announcement from Avation ( (GB:AVAP) ) is now available.
Avation PLC reported strong financial results for the six months ending December 2024, with revenue and EBITDA showing significant growth. The company achieved full fleet utilization, reduced net indebtedness, and improved its credit risk profile by adding Etihad Airlines as a lessee. Avation’s strategic focus on modern, low-emission aircraft and revenue diversification is supported by a new $85 million financing facility, enhancing cash flow and reducing leverage. The company plans to grow its fleet with new aircraft deliveries and is considering a move to the Main Market of the London Stock Exchange to boost capital market visibility.
More about Avation
Avation PLC is a commercial passenger aircraft leasing company, primarily focusing on leasing modern, fuel-efficient aircraft. The company operates in the aviation industry, serving 15 customers across 13 countries with a fleet of 32 aircraft, including types like Boeing, Airbus, and ATR models.
YTD Price Performance: -5.92%
Average Trading Volume: 510,855
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £95.63M
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