By Maria Ward-Brennan Singapore-headquartered commercial aircraft leasing company, Avation, reported that its half-year profits are half of what they were the previous year, in a year that saw the company sell a repossessed aircraft at a loss. The company posted its unaudited results for the six months ended 31 December 2023, which saw revenue and other income at $46.3m (£36.6m), down from the $55.7m (£44m) it reported for 2022. Avation’s operating profit fell by over 50 per cent from $35.4m (£28m) for half year of 2022, to $17.5m (£13.8m). The company reported a loss before tax of $9.6m (£7.6…