50 SKY SHADES - World aviation news

WH Ireland repeats 'buy' on Avation after Airbus acquisition completes

Download: Printable PDF Date: 21 Sep 2015 18:11 (UTC) category:
WH Ireland repeats 'buy' on Avation after Airbus acquisition completes - Manufacturer publisher
Tatjana Obrazcova

The broker WH Ireland repeated its buy ‘advice’ and 206p price target on aircraft leasing firm Avation (LON:AVAP), which has just completed the acquisition of an Airbus A320-200 on lease to Air France.

The broker pointed out that on a 0.8 times net book value and 5.5 times forward earnings, Avation is valued at a significant discount to its peers.

Yet, as WHI points out, none of its peers has Avation’s “growth trajectory”.

“We anticipate further aircraft acquisitions being made as the group deploys the capital it raised from the US$100m bond issue in May 2015,” analyst Ian Berry said.

“We anticipate Avation will continue to execute its aggressive growth strategy, growing revenue, earnings and net assets whilst also lowering its cost of capital and reducing its customer risk profile by adding new airlines.”

At 8.50, the shares were 1% higher at 137.5p each.

Loading comments for WH Ireland repeats 'buy' on Avation after Airbus acquisition completes...


First year to curb private jet travel impact on climate change - 4AIR

4AIR announced that since launching in January 2021, it has helped private jet owners, operators and passengers voluntarily offset or reduce more than 1 million metric tons of CO2 through the use...

SEVENAIR ACADEMY - year 2021 in review and first inauguration of 2022

SEVENAIR ACADEMY comes to review the activity of the past year, as usual. 2021 was still a year full of challenges, impacted by the Covid-19 pandemic and the restrictions imposed by the...

30 years of crucial coverages for the aviation community - Avsurance

Avsurance - Avfuel Corporation in-house aviation insurance subsidiary—celebrated a banner 30th anniversary with its best year to date providing crucial coverages for the aviation commu...

SmartSky Networks, GE Aviation, and Mosaic ATM address advanced air mobility safety

SmartSky Networks announced a collaboration with GE Aviation and Mosaic ATM to enhance Flight Management Systems (FMS) and Air Traffic Management (ATM) for Advanced Air Mobility (AAM). The combin...