Avation continues to strengthen its fleet and diversify its customer base with the acquisition of an Airbus A320 on lease to Etihad Airways. This strategic move enhances Avation’s portfolio, reinforcing its position in the commercial passenger aircraft leasing market.
The company confirmed that this acquisition introduces a high-credit-quality airline to its roster, adding further strength to its narrow-body aircraft fleet. Avation’s Executive Chairman, Jeff Chatfield, highlighted the significance of this deal, emphasising that it enhances revenue diversification and improves the overall credit quality of the portfolio. The transaction is set to be completed in March 2025, further cementing Avation’s focus on growth and stability.
Avation’s latest financial results reflect a strong performance, with revenue reaching $55.4 million for the six months ending December 31, 2024. EBITDA climbed to $55.6 million, while operating profit surged to $125.6 million. The company also reported an increase in the average remaining lease term across its fleet to 4.2 years as of December 31, 2024—marking the first rise in this metric since the end of the COVID-19 pandemic. With a fully utilised fleet and an active expansion strategy, Avation is positioned for continued success.
Looking ahead, Avation is set to take delivery of a new ATR 72-600 in the second quarter of 2025. This aircraft has already been pre-sold to an airline in the Caribbean, generating an expected profit and net cash proceeds of approximately $4.9 million. Additional growth is anticipated in the fourth quarter of 2025, with the arrival of two more ATR 72-600 aircraft. These planes will be leased long-term to two new customers—one in Japan and the other in South Korea—expanding Avation’s global footprint.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.
