avation - Q3 results reveal underlying business continues to grow

Davy Research
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Avation’s Q3 results reveal that the underlying business continues to grow. While the market will remain watchful of impairments, good levels of liquidity and proactivity on its debt amortisation profile set the company up well for the coming months. Meanwhile, Bain Capital’s focus on rebuilding Virgin Australia’s domestic network will underpin confidence in the value of Avation’s ATR 72-600s.