Avation PLC Annual Report 2024: Future strategy aligns with market trends

MARKET TRENDS AND FUTURE DEVELOPMENTS 

Aircraft leasing is a growth industry which, historically, has taken an increasing share of ownership of the commercial passenger aircraft fleet. Avation plc (LON:AVAP) expects that the percentage of leased aircraft in the global fleet will remain high in future due to the flexibility that the leasing model provides for airlines and also due to the ability of leasing companies to access financial capital. 

The market for air travel has continued to perform strongly with IATA reporting record passenger volumes in their latest air passenger market analysis report. Industry RPKs grew 8.0% in the year to July 2024 led by international travel with 10.1% growth followed by domestic travel with 4.8% growth. Growth in passenger volumes was recorded in all regions in the year to July 2024. 

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