Avation PLC - Singapore-based passenger aircraft leasing firm - Expects financial 2023 ending June 30 results to be ‘significantly ahead of market expectations’. Says it is helped by lower than anticipated aircraft transition costs. Notes lower administration and legal costs, alongside improvements in finance income. Also gains on an investment in a listed airline. Avation will post an interim report for the six months that ended December 31 on March 31.

On Thursday last week, Avation sold a 13-year-old Boeing Co 737-800 aircraft for an undisclosed sum to an unknown buyer, as it said it looks to transition to newer low-carbon emission planes.

Current stock price: 126.72 pence, up 9.7%

12-month change: up 35%

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