Dear readers,
We are glad to announce of our new website, There you will continue to have access to the full content of the Sharecast newswire, alongside an improved and expanded suite of market data and research tools for both the UK and the main international markets. As a first step in the transition to the new site, over coming days and weeks the news and data pages on will redirect you towards the new website which we earnestly hope you will find even more useful than the current service. Should anyone like to comment or provide constructive criticism on the new layout or what features they would like to see added or deleted, do please send us an e-mail to Lastly, of course, we wish to express our heartfelt gratitude for your support and encouragement over the years as we continued to grow and expand the service.
Very best,


Avation improves H1 pre-tax profit

Company News

Avation improves H1 pre-tax profit

Thu, 16 February 2017
Article viewed 30 times
Avation improves H1 pre-tax profit

(ShareCast News) - Shares in Avation are up more than 5% after it hiked its first-half pretax profit by 51% to $8.4m, and said it is well positioned for the second half of the year.
"Avation is pleased to report significant year on year increases in revenue, profit and operating cashflow in the half year to 31 December 2016," said executive chair Jeff Chatfield.

He noted that fleet metrics had continued to improve as the fleet grew, with the weighted average age of the aircraft decreasing to 2.8 years and the weighted average remaining lease term increasing to 7.8 years.

"Avation's strategy seeks to maintain a low average age of the fleet, lowering risk by maximising the long term earning potential of fleet assets," said Chatfield.

"In addition to these satisfactory financial results Avation has grown the aircraft fleet, managed overhead costs and improved fleet metrics to position the Company well for the second half of the financial year."

At about 10:30 GMT, shares in Avation were up 5.28% to 209.5p each.