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Avation ( (GB:AVAP) ) has provided an announcement.
Avation PLC has commenced a new six-year lease and completed the transition and delivery of an ATR 72-600 aircraft (MSN 1473) to Colombian airline Clic Air, expanding its footprint in the Latin American regional aviation market. The transaction underscores Avation’s ongoing strategy of placing its turboprop fleet with growing regional carriers, supporting fleet renewal and route development in emerging markets while reinforcing the lessor’s role as a provider of ATR aircraft to airlines worldwide.
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 globally, focusing on providing regional and narrowbody planes such as ATR turboprops to carriers around the world.
Average Trading Volume: 224,686
Technical Sentiment Signal: Sell
Current Market Cap: £88.54M
For detailed information about AVAP stock, go to TipRanks’ Stock Analysis page.