 | |
| Company type | Public |
|---|---|
| LSE: AVAP | |
| Industry | Aircraft Leasing |
| Founded | 2006 |
| Founder | Jeff Chatfield |
| Headquarters | |
| Website | www |
Avation PLC is a commercial passenger aircraft leasing company with airline customers around the world. [1]
Avation is publicly owned and is listed on the Main Market of the London Stock Exchange (LSE:AVAP) [2] and is headquartered in Singapore. [3] Capital Lease Aviation Limited is a wholly owned subsidiary of Avation PLC. [4]
Avation was founded in 2006 by Jeff Chatfield. [5] 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. [6]
The company was initially a narrow-body jet lessor which leased Fokker 100 and Airbus 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. [7] On 11 April 2013 Virgin Australia Holdings completed its 100% acquisition of Skywest Airlines Ltd. [8]
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 [9] and has steadily added narrow-body [10] [11] and wide-body [12] [13] aircraft to its fleet. To fund these acquisitions Avation has issued bonds [14] and shares [15] 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. [16] [17] Sustainability indicator has been independently verified by the agency Vigeo Eiris.
In May 2019, Airfinance Journal [18] awarded Avation together with Air Baltic the 'Operating Lease Deal of the Year 2018'. [19] [20]
In January 2020, Avation PLC was awarded with the 'Aviation 100 European Editor's Deal of the Year for Innovation 2019' [21] for financing new ATR 72-600 aircraft to Braathens Regional Airlines with the first green loan in aviation.
