Avation set to unveil £5.6m pre-tax profit

Avation, the London-listed and Singapore-based aircraft-leasing group, is expected to unveil a pre-tax profit of around £5.6m tomorrow, up more than £2m on 2010.

This is expected to come from a revenue of around £6.3m, down on the previous 12 months. The group was listed on the PLUS market until October 2010, when it moved to the London Stock Exchange main board. Avation leases craft to Australia, the US and Europe, and also supplies parts to the industry.