Avation, a leasing company in the airline industry, is signalling its return to the aircraft acquisition market according to a recent interview with CEO Jeff Chatfield. Chatfield highlights a focus on narrowbody aircraft, the workhorses of short and medium-haul flights.
By Aditya M
Key Takeaways:
- Shifting Strategy: Avation is looking to expand its fleet after a period of inactivity.
- Focus on Narrowbodies: Chatfield emphasizes narrowbody aircraft as the ideal target, citing their versatility and potential for placement.
- Competitive Market: The CEO acknowledges challenges in the current market, including high prices and stiff competition for acquisitions.
- Alternative Investment: Chatfield sees widebody aircraft, used for long-haul flights, as an attractive alternative due to their lower price inflation and high demand.
A Return to Growth
The news comes as a positive sign for Avation, suggesting confidence in the aviation industry's post-pandemic recovery. By strategically targeting narrowbody aircraft, the company aims to secure in-demand assets that can be readily leased to airlines.
Challenges and Opportunities
While competition and high prices pose hurdles, Chatfield identifies opportunities . He views the current market as a good time to invest in widebody aircraft, presenting a potential diversification strategy for Avation.
Looking Ahead
Avation's renewed buying spree reflects a broader industry trend of airlines seeking to expand and modernize their fleets. With a focus on narrowbody aircraft and a keen eye on market opportunities, Avation is poised for continued growth in the years to come.
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