Get on board for blue sky gains

What caught my eye is the planned ramp up in the company’s aircraft fleet over the next 15 months and one that will be funded from the debt markets and internal cash flow. Having just taken delivery of a new ATR 72 aircraft which was immediately leased to UNI Air, the largest regional domestic airline in Taiwan, Avation now has 18 of these 68 to 72 seat aircraft on its books. These planes and another nine, mainly Airbus A320 family aircraft and Fokker 100s, are leased to customers including US Airways, Virgin Australia, Thomas Cook, Condor and Fiji Airways.