avation

Q3 results reveal underlying business continues to grow

  • Sectors : Aircraft Leasing
  • Companies : avation

Ratings and price correct at time of issue.

  • avation

    Closing Price: 155.0p

  • RATING 01/11/19

  • PREVIOUS RATING N/A

DAVY VIEW

Avation’s Q3 results reveal that the underlying business continues to grow. While the market will remain watchful of impairments, good levels of liquidity and proactivity on its debt amortisation profile set the company up well for the coming months. Meanwhile, Bain Capital’s focus on rebuilding Virgin Australia’s domestic network will underpin confidence in the value of Avation’s ATR 72-600s.

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Jun 29 2020, 08:50 IST/BST

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