Avation

Avation PLC is a commercial passenger aircraft leasing company with airline customers around the world.[1]

Avation PLC
Public
Traded asLSE: AVAP
IndustryAircraft Leasing
Founded2006 (2006)
FounderJeff Chatfield
Headquarters
Singapore
Websitewww.avation.net

Avation is listed on the Main Market of the London Stock Exchange (LSE:AVAP)[2] and is headquartered in Singapore.[3] Capital Lease Aviation Limited is a wholly owned subsidiary of Avation PLC.[4]

History
F-HBNI Air France Airbus A320-214 owned by Avation landing at Schiphol (EHAM-AMS) runway

Avation was founded in 2006 by Jeff Chatfield.[5] The Company was originally formed via a special dividend from Skywest Airlines Ltd with shares distributed in specie to all of the then Skywest Airlines Ltd shareholders.[6]

The Company was initially a narrow-body jet lessor which leased Fokker 100 and Airbus A320/A321 aircraft to Skywest Airlines Ltd and other airlines. In 2011 the Company ordered its first ATR72 aircraft and leased them to Skywest Airlines Ltd.[7] On 11 April 2013 Virgin Australia Holdings completed its 100% acquisition of Skywest Airlines Ltd.[8]

Since the Virgin Australia acquisition of Skywest Airlines Ltd, Avation has continued to grow organically as an independent aircraft leasing company. The Company developed its portfolio through a turboprop order book with ATR[9] and has steadily added narrow-body [10] [11] and wide-body[12] [13] aircraft to its fleet. To fund these acquisitions Avation has issued bonds [14] and shares [15] on the London Stock Exchange.

In December 2019 Avation PLC procured the World's first certified aircraft green loan for a new commercial aircraft from Deutsche Bank. [16] [17] Sustainability indicator has been independently verified by the agency Vigeo Eiris.

Awards

In May 2019 Airfinance Journal [18] awarded Avation together with Air Baltic the 'Operating Lease Deal of the Year 2018' [19] [20].

References
  1. "Bloomberg - Company Overview of Avation PLC".
  2. "AVATION share price (AVAP) - London Stock Exchange".
  3. "Company Overview of Avation PLC".
  4. "Bloomberg - Company Overview of Capital Lease Aviation Limited".
  5. https://www.avation.net/files/061126Press_ava_tradePlus.pdf
  6. https://www.avation.net/files/081111_avap_AR08.pdf
  7. "ATR Aircraft".
  8. "ASX- Virgin Australia completes the acquisition of Skywest" (PDF).
  9. "Avation places $130 million aircraft order with ATR". Reuters. 16 February 2016.
  10. "Avation on course for record profits as growth drive continues". 3 January 2019.
  11. "Singapore's Avation Bets on ATR with Growing Regional Market". Smart Aviation Asia-Pacific. 7 February 2019. Retrieved 12 February 2019.
  12. "Boeing, Avation PLC Deliver Philippine Airlines' 10th 777-300ER".
  13. Boeing. "Boeing, Avation PLC Deliver Philippine Airlines' 10th 777-300ER". www.prnewswire.com. Retrieved 12 February 2019.
  14. "DLA Piper advises Avation PLC on US$50 million Tap Issue | News | DLA Piper Global Law Firm". DLA Piper. Retrieved 12 February 2019.
  15. "FE Investegate |Avation PLC Announcements | Avation PLC: Issue of Equity". investegate.co.uk. Retrieved 12 February 2019.
  16. "Singapore firm Avation buys plane with $30 million green loan".
  17. "Singapore firm Avation buys plane with 20m euro green loan".
  18. "Airfinance Journal Awards 2018 winners".
  19. "Avation's airBaltic deal wins 'Operating Lease Deal of the Year 2018' from AirFinance Journal".
  20. "AirBaltic wins AirFinance journal's operating lease deal of the year 2018 award".
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