Avation plc

November 27, 2012 02:00 ET

Delivery of Ninth ATR72 Aircraft


27 November 2012

                                            AVATION PLC
                                   ("AVATION" or the "COMPANY")
                                 DELIVERY OF NINTH ATR72 AIRCRAFT

The  Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company  have
the pleasure of announcing that the Company has taken delivery of its ninth new ATR 72 aircraft.

This aircraft is the third in the ATR 72-600 type aircraft to be delivered to date.
Avation has now taken delivery of seven ATR 72´s directly from the manufacturer and two additional
new  ATR  72 aircraft from another source, making a total fleet of nine ATR aircraft. This  latest
aircraft  will  be  leased  to the Australian carrier Skywest Airlines,  which  will  operate  the
aircraft on behalf of Virgin Australia under the Virgin Australia brand.

Commenting today, Jeff Chatfield, Chairman of Avation said: "The delivery of this ATR 72  aircraft
is  a  continuing testament to our commitment to strengthen and modernise our existing fleet.  The
quality  and term of the lease makes it a very attractive deal for our Company and one which  will
contribute positively to the continuing growth of the Company's revenues and profits."

Further information on Avation PLC can be seen at: www.avation.net. Avation PLC is registered in
England and Wales with an Operational Headquarters in Singapore.


Avation PLC
Jeff Chatfield, Chairman                                   +65 97354151

Cadogan PR
Alex Walters                                               +44 (0) 20 7839 9260
                                                           +44 (0) 7771 713 608

About Avation

Avation  was  formed in 2006 initially to support Skywest Airlines 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.

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