Avation (AVAP)

Sector:

Commercial Transport

 280.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 333.50
  • 52 Week Low: 265.00
  • Currency: UK Pounds
  • Shares Issued: 62.71m
  • Volume: 57,257
  • Market Cap: £175.59m

Avation delivers first Airbus A321 to Vietjet Air

By Josh White

Date: Thursday 09 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Commercial passenger aircraft leasing company Avation has delivered the first of two Airbus A321 aircraft, which were being transitioned from a prior operator, to VietJet Air under an operating lease, it announced on Thursday.
The London-listed firm said the aircraft had completed calendar airframe maintenance checks, been configured for operations by VietJet Air and put into VietJet Air livery.

It said the lease term was approximately eight years, with the aircraft to be redelivered to Avation following completion of the major airframe maintenance check due on the 12th anniversary of the aircraft's build date.

Avation said VietJet Air operates a "substantial" route network including Vietnam domestic and international destinations in Thailand, Singapore, South Korea, Taiwan, Malaysia, China, Japan, Hong Kong, Indonesia, India and Myanmar.

It operates a modern fleet of Airbus A320s and A321s, with an average age of 3.3 years, and the board described it as a "valued existing customer" of Avation.

"We had numerous airlines express interest in these aircraft during a global marketing campaign," said executive chairman Jeff Chatfield.

"We were pleased to place this aircraft on lease to our existing customer and favoured VietJet Air due to satisfactory terms, their excellent conduct and speed of execution."

Chatfield described VietJet Air as a publicly quoted, growing and profitable airline in south east Asia, with the transaction highlighting the value of its strong relationship.

"In our opinion, VietJet Air's success in rapidly establishing 135 routes is remarkable and demonstrates significant operating scale and achievement."

At 0931 GMT, shares in Avation were up 0.17% at 298p.

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Avation Market Data

Currency UK Pounds
Share Price 280.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 333.50
52 Week Low 265.00
Volume 57,257
Shares Issued 62.71m
Market Cap £175.59m

Avation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.59% above the market average34.59% above the market average34.59% above the market average34.59% above the market average34.59% above the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
9.79% above the market average9.79% above the market average9.79% above the market average9.79% above the market average9.79% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Income
34.55% above the market average34.55% above the market average34.55% above the market average34.55% above the market average34.55% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Growth
35.02% above the market average35.02% above the market average35.02% above the market average35.02% above the market average35.02% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avation Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 03-Oct-19
Paid 09-Jan-20 18-Oct-19
Amount 2.10¢ 8.50¢

Trades for 25-Feb-2020

Time Volume / Share Price
16:35 3,000 @ 280.00p
16:16 3,823 @ 276.00p
15:10 2,000 @ 284.00p
14:55 498 @ 278.50p
14:41 440 @ 278.50p

Avation Key Personnel

COO Roderick Douglas Mahoney
CFO Robert Heese
CFO Iain Cawte

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