avation

Tailoring a response to outlive COVID-19 effects

  • Sectors : Aircraft Leasing
  • Companies : avation

Ratings and price correct at time of issue.

  • avation

    Closing Price: 107.5p

  • RATING 01/11/19

  • PREVIOUS RATING N/A

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.

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Apr 7 2020, 07:15 IST/BST

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