Avation plc
LSE : AVAP

August 18, 2008 06:34 ET

Acquisition and leasing of elenth aircraft

                                                                                        18 AUGUST 2008
                                                   
                                              AVATION PLC
                                     ('AVATION' OR THE 'COMPANY')
                                                   
                 PURCHASE OF ELEVENTH AIRCRAFT TAKES AVIATION GROUP TO THE NEXT LEVEL
                                                   
The Board of Avation, the PLUS-quoted owner of commercial jet aircraft, is pleased to announce that it
has increased its fleet further with the purchase of a Fokker F100 Aircraft.

Avation  has agreed to pay US $6.4m for the aircraft, which it will lease out to Skywest Airlines  Pty
Ltd at a rate of $106,000 per month plus maintenance reserves for 64 months.

Avation  now  has  a  fleet  of  five Fokker F100 aircraft owned by the Company  and  its  100%  owned
subsidiaries.  The  Company  continues  to  grow its international  presence  through  its  52%  owned
subsidiary,  AIM quoted Capital Lease Aviation ("CLA"), which currently owns three Fokker  F100's,  an
Airbus  A320  and  two Airbus A321 aircraft. This takes the total fleet to 11 aircraft  on  long  term
commercial leases to a range of operators in Europe, the US and Australia.

The  Company has financed the acquisition from its own funds and the finance facility announced on  11
August 2008.

Avation's Chairman, Jeff Chatfield said: "We are very content to have lined up our first XI  and  look
forward  to being recognised as significant players in the future. The purchase of a fifth Fokker  100
Aircraft  for  Avation takes Avation and its wholly and part-owned subsidiaries up to a  fleet  of  11
aircraft  on  long term leases with operators across the globe This is a clear demonstration   of  the
growth Avation has achieved since admission to PLUS Markets in November 2006.

"As  a  group we continue to prove our ability to source both finance and aircraft on attractive terms
even in current markets."
                                                   
               The directors take responsibility for the contents of this announcement.

                                              ---ENDS---
Enquiries:
Avation PLC                                                                                07783 942
553
Jeff Chatfield, Chairman

Advisor                                                                                    0207 628
1128
Frank Lucas, Loeb Aron & Company

Media                                                                                      0207 562
3350
Maxine Barnes, Nick Rome, Nick Farmer
Bishopsgate Communications

Website: www.avation.net

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