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Avation PLC (LSE:AVAP) has repurchased US$3 million of its Senior PIK Toggle Notes due 2026, at 97.5% of face value, as part of its global medium-term note program. This transaction reduces the outstanding notes to US$326.56 million, further enhancing Avation’s financial position and underscoring its commitment to prudent debt management.
The company’s efforts to reduce its debt load, along with operational improvements such as fleet expansion, contribute to a stronger financial outlook. While Avation continues to face challenges such as revenue volatility and high leverage, its attractive valuation and positive corporate actions bolster its overall outlook.
About Avation PLC
Avation PLC is a Singapore-based aircraft leasing company, managing a diverse fleet of commercial passenger aircraft and leasing them to airlines around the world. The company focuses on providing cost-effective leasing solutions to its clients in the aviation sector.
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Year-to-Date Price Performance: -6.58%
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Average Daily Trading Volume: 229,471 shares
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Technical Sentiment: Neutral (Hold)
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Market Capitalization: £93.88 million
Through strategic debt reduction and fleet expansion, Avation is working to position itself for future growth, despite ongoing challenges in the aviation sector.
