Avation plc

August 06, 2012 02:00 ET

First ATR 72-600 added to Avation's Fleet

LSE: AVAP                                                                     Singapore, 6 August 2012

                                              AVATION PLC
                                            (the "Company")

                               First ATR 72-600 added to Avation's Fleet

Avation  Plc  is pleased to announce the addition of the first new ATR 72-600 series aircraft  to  its
fleet.  The  aircraft  was  accepted by Avation on the 3rd August at ATR's manufacturing  facility  in
Toulouse,  France.  This  is  the first ATR 72-600 variant to be added  to  Avation's  fleet  and  the
company's  seventh  new  ATR  72. The aircraft is being added pursuant  to  the  strategic  Australian
Regional  Airline  Network  (ARAN) agreement entered into between Avation  Plc,  Skywest  Airlines  of
Australia and Virgin Australia to provide a fleet of new aircraft which will operate in Australia. The
aircraft are operated by Skywest Airlines.

With  the addition of this aircraft, Avation's fleet now stands at a total of 16 aircraft. It is worth
mentioning that Avation's subsidiary Capital Lease Aviation Plc very recently disposed of three  older
Fokker 100 aircraft. The disposal and this new acquisition is in line with Avation's strategy to lower
its  average fleet age and invest in newer fuel efficient aircraft. With great fuel efficiencies being
achieved by Skywest Airlines on its operations on the East coast of Australia, Avation's belief in the
ATR  aircraft  has been strengthened further. As of 3rd August, the company has a further  eight  firm
aircraft, eight options and seventeen purchase rights for ATR 72-600 aircraft.

On  this  occasion Avation's Chairman, Jeff Chatfield said "This delivery is the first of a series  of
ATR  72-600s, that we are buying. Our strategy is to lower the age of our owned fleet, thus  extending
the  potential residual value of our fleet for our shareholders."

About ATR

Founded in 1981, ATR has become the world leader on the market for regional aircraft with 90 seats  or
less. Since its creation, ATR has sold approximately 1,200 aircraft to over 180 operators based in  91
countries. ATR planes have totalled over 21 million flight hours. ATR is an equal partnership  between
two  major European aeronautics players, Alenia Aermacchi (a Finmeccanica Group company) and EADS. Its
head  office is in Toulouse (France). ATR is ISO 14001-certified, the international reference standard
in the field for environmental friendliness.

For additional information, log on to www.atraircraft.com.
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                          +44 7783 942 553
W H IRELAND                                       
Harry Ansell /James Joyce                         +44 20 7220 1666
Cadogan PR                                        
Alex Walters / Lavinia Fiamma                     +44 20 7839 9260
                                                  +44 (0) 7771 713 608

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