Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has stated today that it will hold its Annual General Meeting today in Singapore which will include the following Chairman’s Statement. The purpose of this statement is to provide investors with an update on current operations.
Market
In its most recent air passenger market analysis report IATA noted continued strength in air travel with revenue passenger kilometres (“RPKs”) increasing 30.1% in the year to September 2023. Total market RPKs are now around 97% of pre-COVID levels comparing September 2023 to the same month in 2019.
Market values for aircraft have continued to recover and Avation believes that values of popular new narrowbody aircraft types have increased by 10-15% since January 2022.