Avation (GB:AVAP) has released an update.
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Avation PLC, a commercial passenger aircraft leasing company, reported stable year-over-year revenue at $92.4 million and an increase in profit after tax to $19.7 million for the year ended June 30, 2024. The company achieved full fleet utilization, reduced net indebtedness by 10.9%, and placed an order for ten new ATR 72-600 aircraft for delivery between Q4 2025 and Q2 2028, signaling a strategic growth path while managing debts efficiently.
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