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Apr 7 2020, 07:15 IST/BST
Avation
Tailoring a response to outlive COVID-19 effects
- Sectors : Aircraft Leasing
- Companies : Avation
DAVY VIEW
The measures Avation is taking in response to the COVID-19 environment – offering airlines short-term relief, adjusting its debt amortisation schedule and reducing its cash-out – should see the company successfully operate for an extended period greater than a year. In that context, we believe a c.60% discount to tangible book value is overly punishing.
