Avation plc

October 24, 2013 02:00 ET

Fiji Airways Aircraft Lease Signed

                                                                                                 24 October 2013
                                                   AVATION PLC
                                                 (the "Company")
                                       FIJI AIRWAYS AIRCRAFT LEASE SIGNED

Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and  leases
them  to airlines, today announces that it has executed the operating lease documentation with Fiji Airways  for
one new ATR 72-600 aircraft to be delivered in April 2014.

The operating lease will be for a twelve year term and is at typical commercial lease rates. The operator of the
aircraft  will be Fiji Airways' regional subsidiary, Pacific Sun. Delivery is anticipated to occur in the  month
of April 2014.

Jeff Chatfield, Avation Executive Chairman, said: "We are pleased to diversify our portfolio to the Pacific  and
enter into our first 12 year term aircraft operating lease."

Stefan  Pichler, Fiji Airways Managing Director and CEO, said: "The additional new ATR will help to  cement  the
market leader position of Pacific Sun in the South Pacific."


More information on Avation PLC can be seen at: www.avation.net


Avation PLC                                                                                                     
Jeff Chatfield, Chairman                                                                        +44 7783 942 553
W H Ireland                                                                                                     
Harry Ansell / James Joyce                                                                      +44 20 7220 1666
Liberum Capital Limited                                                                                         
Chris Bowman / Richard Bootle                                                                   +44 203 100 2222
Blythe Weigh Communications                                                                                     
Tim Blythe / Eleanor Parry                                                                      +44 207 138 3204

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