Avation Plc receives ‘B’ rating from Fitch

Avation Plc (LON:AVAP), the Singapore based commercial passenger aircraft leasing company, has announced that Fitch Ratings has assigned the Company a B long-term issuer default rating.

The Hongkong and Shanghai Banking Corporation Limited (HSBC) acted as the sole Ratings Advisor.

Share on:

You might also enjoy reading Avation reports robust trading update, secures B1 rating

Written by: Amilia Stone

Find more news, interviews, share price & company profile here for:
Avation plc

Latest Company News

Avation Plc FY2025 annual report: Revenue up 19% with dividend declared

Avation Plc reported FY2025 revenue of $110.1m, up 19.2%, and EBITDA of $107.1m. The company posted a $7.7m loss after tax, reduced net indebtedness to $604.2m, and declared a 1.0 US cent dividend.

Avation completes sale of Boeing 777-300ER at profit above book value

Avation has finalised the sale of a Boeing B777-300ER leased to Philippine Airlines, generating a material profit above book value. The transaction releases significant cash, which will be used to reduce debt and reinvest in narrowbody aircraft types as part of the company’s portfolio management strategy.

Avation reports US$110m revenue and strengthened balance sheet for FY25

Avation expects revenue of around US$110 million for the year to 30 June 2025. The company has reduced outstanding bond debt to US$298 million through repurchases and improved its credit ratings with Moody’s and Fitch.

Avation signs 12-year lease for ATR 72-600 with Cambodian airline

Avation has agreed a twelve-year lease with a Cambodian carrier for a new ATR 72-600, the second of ten aircraft ordered in 2024. Delivery is scheduled for February 2026.

Avation to deliver first ATR 72-600 to SUM Air in November 2025

Avation confirmed that one of ten ATR 72-600 aircraft ordered in 2024 will be delivered in November 2025, becoming the first aircraft in SUM Air’s fleet.