Avation plc
LSE : AVAP

April 19, 2013 02:00 ET

Acquisition of Airbus A320-200 Aircraft

19 April 2013
                                                AVATION PLC
                                       ("Avation" or the "Company")



                                  Acquisition of Airbus A320-200 Aircraft


Avation  PLC (LSE: AVAP), the commercial passenger aircraft leasing company is pleased to announce that  it
has entered into an agreement to acquire an additional Airbus A320-200 aircraft.

The aircraft will be leased by the Company to an Australian carrier for a period of 61 months. The aircraft
was  acquired  from  another  lessor. The Avation Group's fleet now stands at  a  total  of  21  commercial
passenger aircraft of which five aircraft are Airbus A320 series aircraft.

Jeff Chatfield, Executive Chairman of Avation, commented:

"This  acquisition is in line with the Company's strategy of pursuing newer aircraft and reducing its asset
exposure for not-in-production aircraft, such as Fokker 100s, which now stand at below 10 per cent  of  the
overall book value of Avation's fleet. The average age of the Company's aircraft fleet is now 8.7 years."

                                

                        Information on Avation PLC can be found at www.avation.net

Enquiries:

Avation Plc
Jeff Chatfield, Executive Chairman                                            +65 9735 4151

Blythe Weigh Communications
Tim Blythe, Robert Kellner                                                    + 44 (0) 207 138 3204

Liberum Capital Limited
Chris Bowman / Richard Bootle                                                +44 203 100 2222

W H Ireland Limited
James Joyce                                                                  +44 207 220 1666


About Avation
Avation  was formed in 2006 initially to support Skywest Airlines (Australia) Pty Ltd. and was admitted  to
the  Standard segment of the Official List of the London Stock Exchange in October 2010. The Company's main
activity  is  an operating lessor of commercial passenger aircraft to airlines across Europe,  the  US  and
Australia. Early in 2011 the company entered into an agreement with Skywest Airlines to provide a fleet  of
up to eighteen new aircraft to operate along the East Coast of Australia on behalf of Virgin Australia.

Contact Information

  • Avation plc