Aircraft leasing company Avation said it expected its annual lease rental revenue to rise by more than 20%.

Lease rental revenue for the year through June was seen rising to $117.7m, up from $97.6m on-year.

At 30 June, the company's fleet comprised 48 aircraft, up from 38 on-year.

'Avation will continue to focus on growing the fleet and adding new airline customers in the coming financial year,' it said.

'The company is currently assessing aircraft for acquisition, in addition to the scheduled deliveries of new ATR 72-600 aircraft.'

At 2:09pm: (LON:AVAP) Avation Plc share price was +8.5p at 274.5p