 | |
| 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.
Air Malta plc is the flag carrier of Malta, with its headquarters in Luqa and its hub at Malta International Airport. It operates services to destinations in Europe, the Middle East and North Africa.
Air Mauritius is the flag carrier airline of Mauritius. The airline is headquartered in Port Louis, Mauritius, with its hub based at Sir Seewoosagur Ramgoolam International Airport. The company was placed in voluntary administration on 22 April 2020 in wake of the COVID-19 pandemic and exited administration mid-2021.
Air Vanuatu is an airline with its head office in the Air Vanuatu House, Port Vila, Vanuatu. It is Vanuatu's national flag carrier, operating to Australia, New Zealand, New Caledonia and points in the South Pacific. Its main base is Bauerfield International Airport, Port Vila.
Ansett Australia was a major Australian airline group, based in Melbourne, Victoria. The airline flew domestically within Australia and from the 1990s to destinations in Asia. After operating for 65 years, the airline was placed into administration in 2001 following a financial collapse and subsequent organised liquidation in 2002, subject to deed of company arrangement. The last flight touched down on 5 March 2002.
Flybe, styled as flybe, was a British airline based in Exeter, England. Until its sale to Connect Airways in 2019, it was the largest independent regional airline in Europe. Flybe once provided more than half of UK domestic flights outside London.
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 brand. It commenced services on 31 August 2000 as Virgin Blue, with two aircraft on a single route. It suddenly found itself as a major airline in Australia's domestic market after the collapse of Ansett Australia in September 2001. The airline has since grown to directly serve 32 cities in Australia, from hubs in Brisbane, Melbourne and Sydney.
Vietnam Airlines is the flag carrier of Vietnam. The airline was founded in 1956 and later established as a state-owned enterprise in April 1989. Vietnam Airlines is headquartered in Long Biên district, Hanoi, with hubs at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City. The airline flies to 64 destinations in 17 countries, excluding codeshared services.
Air Algérie SpA is the flag carrier of Algeria, with its head office in the Immeuble El-Djazair in Algiers. With flights operating from Houari Boumedienne Airport, Air Algérie operates scheduled international services to 39 destinations in 28 countries in Europe, North America, Africa, Asia, and the Middle East, as well as domestic services to 32 airports. As of December 2013, Air Algérie was 100% owned by the Government of Algeria.
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Société Nationale Malgache de Transports Aériens S.A., operating as Air Madagascar, is an airline based in Antananarivo, Madagascar. It is the national airline of Madagascar operating services to Europe, Asia and neighbouring African and Indian Ocean island destinations, from its main base, Ivato International Airport in Antananarivo. It also operates an extensive domestic network.
Air Austral is a French airline based at Roland Garros Airport, Réunion. It operates scheduled services from Réunion to metropolitan France, South Africa, Thailand, India and a number of destinations in the Indian Ocean. The company has nine airplanes in the fleet and employs around 900 people.
West Atlantic UK Limited, formerly Atlantic Airlines Ltd is a British cargo airline based at East Midlands Airport. It operates contract and ad hoc cargo flights worldwide, especially within Europe as part of the West Atlantic Group. The company's fleet is composed of Boeing 737 and ATR72 aircraft. The airline specialises in the transport of dangerous goods and radioactive products and other specialist aerial work, including oil spill response, dispersant spraying and icing trials. The prime activity of the business is the supply and operating of aircraft to night-time freight integrators and consolidators and the operation of ad hoc air charters on behalf of other airlines, freight brokers and forwarders. Atlantic Airlines merged with the Swedish airline "West Air Europe" in 2008 to establish the West Atlantic Group.
Dubai Aerospace Enterprise Ltd (DAE) is a global aviation services company and one of the largest aircraft leasing companies in the world. Headquartered in Dubai and with over 30 years in business, DAE's leasing and engineering divisions serve over 110 airline customers around the world from its seven locations in Dubai, Dublin, Singapore, New York, Miami, Seattle and Amman.
The XL Leisure Group (XLLG) was a major tour operating company in the UK, consisting of charter and scheduled airlines, holiday companies and flight-only tour operators. It also had operations in France, Germany, Ireland, Australia and Cyprus. The group's UK companies were placed into administration on 12 September 2008.
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