 | |
| 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.
Air New Zealand Limited is the flag carrier of New Zealand. Based in Auckland, the airline operates scheduled passenger flights to 20 domestic and 30 international destinations in 18 countries, primarily within the Pacific Rim. The airline has been a member of the Star Alliance since 1999.
Kenya Airways Ltd., more commonly known as Kenya Airways, is the flag carrier airline of Kenya. The company was founded in 1977, after the dissolution of East African Airways. Its head office is located in Embakasi, Nairobi, with its hub at Jomo Kenyatta International Airport.
Air Mauritius is the flag carrier airline of Mauritius. The airline is headquartered in Port Louis, Mauritius, with its hub at Sir Seewoosagur Ramgoolam International Airport. The airline currently has a fleet consisting of 12 aircrafts.
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.
Virgin Australia is an Australian airline with the core features of a low-cost carrier along with some elements of a full-service airline. It is one of two active airlines to use the Virgin brand, as well as the larger by fleet size. It commenced services on 31 August 2000 as Virgin Blue, with two aircraft on a single route. It suddenly found itself becoming a major airline in Australia's domestic market after the collapse of Ansett Australia in September 2001. As of June 2024, the airline serves 33 Australian destinations with its Boeing 737 MAX and Boeing 737 Next Generation fleets from its 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 117 routes across 19 countries, excluding codeshared services.
Alliance Air is a wholly-owned subsidiary of AIAHL which is a special purpose vehicle formed by the Government of India after the disinvestment of Air India Limited. It was founded in April 1996 as a wholly-owned subsidiary of Indian Airlines and mainly operates domestic routes as part of the government's Regional Connectivity Scheme. Government of India notified Alliance Air as Designated Indian Flag Carrier.
GECAS was an Irish–American commercial aviation financing and leasing company. AerCap acquired the company from GE Capital on November 1, 2021.
Madagascar Airlines is an airline based in Antananarivo, Madagascar. It is the flag carrier of Madagascar; it operates 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 and a number of destinations in the Indian Ocean. The company has eight airplanes in the fleet and employs around 900 people.
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.
Virgin Australia Holdings Limited is the holding company that owns and operates Virgin Australia and Virgin Australia Regional Airlines. It previously operated Pacific Blue Airlines, Tigerair Australia and joint-venture airline Polynesian Blue which were absorbed into Virgin Australia in December 2011. Its head office is located in South Bank, Brisbane. After being placed in administration in April 2020, it was purchased by Bain Capital in August 2020.
Air Lease Corporation (ALC) is an American aircraft leasing company founded in 2010 and headed by Steven F. Udvar-Házy. Air Lease purchases new commercial aircraft through direct orders from Boeing, Airbus, Embraer and ATR, and leases them to its airline customers worldwide through specialized aircraft leasing and financing.
Avolon is an aircraft leasing company headquartered in Dublin, Ireland. It was established in May 2010 by Dómhnal Slattery and a team from RBS Aviation Capital, including John Higgins, Tom Ashe, Andy Cronin, Simon Hanson, and Ed Riley. In December 2014, Avolon went public on the New York Stock Exchange (NYSE) with the ticker symbol AVOL, marking the largest listing of an Irish-founded company on the NYSE. In September 2015, Avolon received a cash offer from Bohai Leasing Co., an affiliated Chinese leasing and financial services company, to acquire 100% of Avolon's common shares. The acquisition by Bohai Leasing was completed in January 2016, leading to Avolon's delisting from the NYSE. In November 2018, ORIX Corporation, a Japanese financial institution, acquired a 30% stake in Avolon from its shareholder, Bohai Capital, which is part of the HNA Group.
Virgin Australia Regional Airlines (VARA) is an Australian regional airline based in Perth, servicing key towns in the state of Western Australia. The airline also flies interstate to destinations such as Adelaide, Darwin, Melbourne and Alice Springs. Formerly known as Skywest, in April 2013 the airline was purchased by Virgin Australia Holdings as its new regional offshoot. On 21 April 2020, Virgin Australia Regional Airlines' parent company, Virgin Australia Holdings went into voluntary administration due to the COVID-19 pandemic.
Intrepid Aviation is a commercial aircraft leasing company primarily focused on young, modern, fuel-efficient wide-body aircraft and larger narrowbody aircraft. It has offices based in Dublin, Ireland and Stamford, Connecticut, United States.
Ethiopian Airlines operates a fleet of Airbus A350, Boeing 737, Boeing 767, Boeing 777, Boeing 787 and Bombardier Dash Q-400 aircraft.
Thai Airways International operates a fleet of wide-body and narrow-body aircraft from Airbus and Boeing.
ABL Aviation is a full-service aircraft asset management firm that provides "tailored leasing" and services to aviation investors and lessees, focusing on commercial aircraft. The company has its head office in Dublin, and other offices in New York, Casablanca, Tokyo, and Hong Kong.
JCAS Airways Co, Ltd (株式会社ジェイキャスエアウェイズ) is a Japanse startup airline established originally in 2018, with plans on operating flights out of Kansai International Airport to regional airports serving the Hokuriku region and San'in region. Specifically, the first airports the airline plans to serve are Toyama Airport and Yonago Kitaro Airport. The airline plans to operate ATR 72-600 turboprop aircraft, similar to Niigata startup airline Toki Air. The launch for the airline was initially aimed at autumn 2021, however that timeline has been delayed with the current expected commencing of flight operations in spring 2026.
