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Avation PLC Secures New Lease Agreement with PNG Air

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Avation PLC Secures New Lease Agreement with PNG Air

Elevate Your Investing Strategy:

The latest announcement is out from Avation ( (GB:AVAP) ).

Avation PLC has signed a six-year lease agreement with PNG Air for an ATR 72-600 aircraft, which is currently leased to Mandarin Airlines. This transition, scheduled for the fourth quarter of 2025, strengthens Avation’s relationship with PNG Air and enhances its position in the aircraft leasing industry.

The most recent analyst rating on (GB:AVAP) stock is a Buy with a £285.00 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 Outperform.

Avation’s strong corporate events and valuation scores are significant strengths, offsetting concerns from financial performance and technical analysis. The company’s strategic actions in reducing debt and realizing asset value contribute positively to the score.

To see Spark’s full report on GB:AVAP stock, click here.

More about Avation

Avation PLC is a commercial passenger aircraft leasing company headquartered in Singapore. It owns and manages a fleet of aircraft leased to airlines globally.

Average Trading Volume: 182,844

Technical Sentiment Signal: Buy

Current Market Cap: £103.2M

See more insights into AVAP stock on TipRanks’ Stock Analysis page.

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