Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As weak fuel prices and low interest rates combine to enhance aviation’s fortunes, ambitious passenger aircraft leasing specialist Avation (AVAP) is on track to lift its fleet from 29 to 41, taking its assets to $950 million (£629 million), with options on more, by the second half of next year, after agreeing to buy its first Boeing 737. With customers already including Virgin Australia, Air France, Fiji Airways and Thomas Cook, the fully-listed company, based in Singapore but with a strong Down Under flavour, is buying a plane operated by and on a 5.5-year lease to an unnamed Chinese carrier, described by finance director Richard Wolanski as ‘a Tier 1 Chinese airline.’
Filed under:
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Time left: 01:46:19