REG - Avation PLC - TRADING UPDATE AND RESULTS TIMETABLE

AvationAnnouncement

03/02/2023 07:00

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RNS Number : 8571O  Avation PLC  03 February 2023

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

TRADING UPDATE AND RESULTS TIMETABLE

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company
provides the following update for the half-year ended 31 December 2022.

 

NOTICE OF RESULTS

Avation expects to announce unaudited results for the half-year period ended
31 December 2022 on 3 March 2023.

 

FLEET METRICS

The Company's key fleet metrics are as follows:

                                                   31 December 2022     30 June 2022
 Number of aircraft                                37                   39
 Number of airline customers                       16                   17
 Weighted average age                              6.1                  5.6
 Weighted average remaining lease term             5.4                  5.7
 Total contracted future lease revenue receivable  $509m                $568m
 Aircraft order book                               ATR 72-600           ATR 72-600

                                                   Two firm             Two firm

                                                   28 purchase rights   28 purchase rights

 

 

TRADING UPDATE

Avation expects half year revenue to be approximately $46 million. The airline
industry is continuing a recovery from the lows seen during the COVID-19
pandemic. Global domestic air travel, as reported by IATA, has recovered to
around 77% of 2019 levels while international travel has recovered to around
73% of 2019 levels.

Avation is focussed on the execution of deliveries and sale agreements for its
remaining off-lease aircraft in the second half to June 30, 2023.

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

Avation welcomes shareholder questions and comments and advises the email
address for questions is: investor@avation.net (mailto:investor@avation.net)
and the Company provides an investor Q & A during the conference call
associated with release of results. The head office telephone number is +65
62522077.

Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in
Singapore, owning and managing a fleet of commercial passenger aircraft which
it leases to airlines around the world. More information on Avation is
available at www.avation.net (http://www.avation.net) .

 

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