Avation PLC is a commercial passenger
aircraft leasing company with airline customers around the world.
Avation is publicly owned and is listed on the Main Market of the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
(
LSE: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 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 that operated from 1912 to 1996. The company was founded by the Dutch aviator Anthony Fokker and became famous during World War I for its fighter aircraft. During its most successful period in the 19 ...
100 and
Airbus
Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate Airbus Defence and Space, defence and space and Airbus Helicopters, he ...
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 Holdings completed its 100% acquisition of Skywest Airlines Ltd.
Since the
Virgin Australia 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 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 (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
...
. Sustainability indicator has been independently verified by the agenc
Vigeo Eiris
Awards
In May 2019, Airfinance Journal awarded Avation together with
Air Baltic 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
ATR 72-600 aircraft to
Braathens Regional Airlines with the first
green loan in aviation.
References
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Aircraft leasing companies
Singaporean companies established in 2006
Companies listed on the London Stock Exchange