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Nov 21 2019, 07:20 GMT
avation
AGM update confirms solid start to FY 2020
- Companies : Avation
DAVY VIEW
Our positive investment thesis on Avation revolves around the attractiveness of its portfolio and its ability to sustain strong growth rates. Today’s AGM update provides comfort on both factors, with the two aircraft repossessed from Thomas Cook swiftly remarketed and double-digit lease revenue growth expected in the half to end-December. We reiterate our ‘Outperform’ rating.
