Avation PLC is a commercial passenger

aircraft leasing Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide tempora ...

company with airline customers around the world. Avation is publicly owned and is listed on the Main Market of the London Stock Exchange (

LSE LSE may refer to: Computing * LSE (programming language), a computer programming language * LSE, Latent sector error, a media assessment measure related to the hard disk drive storage technology * Language-Sensitive Editor, a text editor used on ...

:AVAP) and is headquartered in Singapore. Capital Lease Aviation Limited is a wholly owned subsidiary of Avation PLC.

History

Avation was founded in 2006 by Jeff Chatfield. The company was originally formed via a special dividend from

Skywest Airlines SkyWest Airlines is an American regional airline headquartered in St. George, Utah, United States. SkyWest is paid to staff, operate and maintain aircraft used on flights that are scheduled, marketed and sold by a partner mainline airline. The ...

Ltd with shares distributed in specie to all of the then Skywest Airlines Ltd shareholders. The company was initially a narrow-body jet lessor which leased

Fokker Fokker was a Dutch aircraft manufacturer named after its founder, Anthony Fokker. The company operated under several different names. It was founded in 1912 in Berlin, Germany, and became famous for its fighter aircraft in World War I. In 1919 ...

100 and

Airbus Airbus SE (; ; ; ) is a European Multinational corporation, multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace manufacturer, aerospace products worldwide and manufactures aircraft througho ...

A320/A321 aircraft to Skywest Airlines Ltd and other airlines. In 2011 the Company ordered its first ATR72 aircraft and leased them to Skywest Airlines Ltd. On 11 April 2013

Virgin Australia Virgin Australia, the trading name of Virgin Australia Airlines Pty Ltd, is an Australian-based airline. It is the largest airline by fleet size to use the Virgin Group, Virgin brand. It commenced services on 31 August 2000 as ''Virgin Blue ...

Holdings completed its 100% acquisition of Skywest Airlines Ltd. Since the

acquisition of Skywest Airlines Ltd, Avation has continued to grow organically as an independent aircraft leasing company. The Company developed its portfolio through a turboprop order book with

ATR ATR may refer to: Medicine * Acute transfusion reaction * Ataxia telangiectasia and Rad3 related, a protein involved in DNA damage repair Science and mathematics * Advanced Test Reactor, nuclear research reactor at the Idaho National Laboratory, ...

and has steadily added narrow-body and wide-body aircraft to its fleet. To fund these acquisitions Avation has issued bonds and shares on the London Stock Exchange. In December 2019 Avation PLC procured the World's first certified aircraft green loan for a new commercial aircraft from

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

. Sustainability indicator has been independently verified by the agenc
Vigeo Eiris

Awards

In May 2019, Airfinance Journal awarded Avation together with

Air Baltic airBaltic, legally incorporated as AS Air Baltic Corporation, is the flag carrier of Latvia, with its head office on the grounds of Riga International Airport in Mārupe municipality near Riga. Its main hub is Riga, and it operates bases in T ...

the 'Operating Lease Deal of the Year 2018'. In January 2020, Avation PLC was awarded with the 'Aviation 100 European Editor's Deal of the Year for Innovation 2019' for financing new

72-600 aircraft to Braathens Regional Airlines with the first green loan in aviation.

References

{{Authority control Aircraft leasing companies Singaporean companies established in 2006 Companies listed on the London Stock Exchange