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The latest announcement is out from Avation ( (GB:AVAP) ).
Avation PLC has delivered a new ATR 72-600 aircraft to South Korean carrier SUM Air under a 12-year lease, marking the first ATR aircraft in SUM Air’s fleet and Avation’s entry into the South Korean market. The aircraft, part of a 10-aircraft ATR 72-600 order placed in 2024, is currently unencumbered and its placement with a new customer underscores Avation’s strategy to diversify its lessee base and expand its presence in Asia, potentially strengthening its long-term leasing revenues and regional growth prospects.
The most recent analyst rating on (GB:AVAP) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on Avation stock, see the GB:AVAP Stock Forecast page.
Spark’s Take on GB:AVAP Stock
According to Spark, TipRanks’ AI Analyst, GB:AVAP is a Neutral.
Avation’s overall stock score is primarily impacted by its financial challenges, including high leverage and negative profitability. Technical indicators also suggest bearish momentum. While recent corporate events are positive, they do not offset the fundamental financial concerns.
To see Spark’s full report on GB:AVAP stock, click here.
More about Avation
Avation PLC is a Singapore-headquartered commercial passenger aircraft leasing company that owns and manages a fleet of aircraft leased to airlines worldwide, focusing on regional and narrowbody jets and turboprops such as the ATR 72-600.
Average Trading Volume: 263,148
Technical Sentiment Signal: Sell
Current Market Cap: £86.28M
For an in-depth examination of AVAP stock, go to TipRanks’ Overview page.