STOCK WATCH

AVATION is set to post lower annual revenues as it aims to lease or sell its four unused aircraft by the end of June.

The Singapore-based firm, which owns aircraft such as the Airbus A320 used by the likes of Easyjet, expects revenue for the six months to December of around £38m – lower than the £48m reported last year.

City broker WH Ireland expects annual revenues of £77m, down from £83m.