The Business
Capital Lease Aviation Public Limited Company (“CLA” or “the Company”) was incorporated by Avation PLC on 6 June 2007 with the purpose of owning and leasing a portfolio of commercial jet aircraft to a wide customer base of regional and international airlines.
The Company currently owns three Fokker F100 passenger jet aircraft, one Airbus A320-200 and two Airbus A321-200’s. The aircraft are leased to Australian, American and European airlines. The Directors have identified a trend in the commercial aviation sector towards "leasing-in" capacity whereby airlines lease part of their fleet rather than purchasing aircraft, and the Directors intend that the Company will exploit this trend in future.
Strategy
The Company’s strategy is to continue to expand its aircraft leasing business by:
- Capitalising on growth in the aircraft leasing market by acquiring additional aircraft: the Company intends to exploit the current growth dynamic in the aircraft leasing market by identifying and acquiring additional aircraft. The Company will adopt a flexible approach to the type of aircraft it purchases and this will depend principally on the requirements of its customers.
- Leasing aircraft to regional and international airlines: the Directors expect the Company’s customer base to comprise both regional and global airline companies. The Company’s customer base will not be restricted to a particular geography or type of customer.
- Efficiently raising capital to execute its growth strategy: the Company expects to fund its growth strategy through a mix of retained cashflow, debt and equity financing in order to maintain an efficient capital structure. The Company may utilise a broad range of funding options to support its growth strategy. The Company expects to use appropriate financing and hedging strategies to manage interest and exchange rate volatility.
This website of Capital Lease Aviation Plc is updated as at 15 July 2008 and is published in compliance with Rule 26 of the AIM Rules for Companies.