Avation plc

LSE : AVAP


October 30, 2012 05:51 ET

Expansion of Aircraft Fleet-Exercise of 3 additional ATR 72-600 Options

                                                   

                                                AVATION PLC
                                       ("AVATION" or the "COMPANY")

30 October 2012



                 Expansion of Aircraft Fleet - Exercise of 3 additional ATR 72-600 Options


Avation Plc (LSE: AVAP) the aircraft procurement and leasing company is pleased to announce that following
a confirmation from Virgin Australia of its desire for an additional three ATR 72-600 aircraft to be made
available to it throughout the course of 2014, the Company will exercise aircraft purchase options to
acquire three new additional ATR 72-600 aircraft for this purpose.

This will expand the total number of ATR 72 aircraft for firm delivery to 16 aircraft.

It is intended that these aircraft be made available to Virgin Australia in substantially the same form,
lease terms and lease structure as the Company's current fleet of ATR 72-600 aircraft.


                                               

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.

Enquiries:

Avation PLC                                       
Jeff Chatfield, Chairman                          +65 97354151
                                                  
                                                  
                                                  
                                                  
Cadogan PR                                        
Alex Walters                                      +44 20 7839 9260
                                                  +44 (0) 7771 713 608


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