Avation plc
LSE : AVAP

November 30, 2011 02:00 ET

Fourth Delivery Of Aircraft To Virgin Australia

AIM: AVAP
                                                                                           30 November 2011

                                                     
                                                AVATION PLC
                                              (the "Company")
                                                     
                       FOURTH DELIVERY OF AN ADDITIONAL AIRCRAFT TO VIRGIN AUSTRALIA
                                                     
Avation  Plc,  the aircraft leasing company, announces that the Company has completed the delivery  of  the
fourth  new  ATR72-500. This aircraft and subsequent aircraft are being leased by the Company to Australian
carrier  Skywest Airlines, which operates the aircraft on behalf of Virgin Australia, pursuant to a 10-year
wet-lease.

The  operation  of  the  aircraft constitutes a part of the Australian Regional  Airline  Network  ("ARAN")
Agreement  between  Skywest  Airlines and Virgin Australia, under which, the parties  agreed  that  Skywest
Airlines will operate up to 18 new aircraft on behalf of Virgin Australia.

Jeff Chatfield, Chairman, Avation commented:

"We are delighted to have delivered yet another aircraft to Virgin Australia, further enhancing our revenue
generating capabilities. The overall ARAN agreement provides significant scope for an increase in the  size
of  our  aircraft  fleet and will help Avation to further establish itself as a regional  aircraft  leasing
provider."

                                                 --ENDS--

                        Information on AVATION PLC can be found at www.avation.net
                                                     
       Avation PLC is registered in England and Wales with an Operational Headquarters in Singapore.

Avation PLC
Jeff Chatfield, Executive Chairman                        +61 411 478 132

Financial Public Relations
Bishopsgate Communications
Nick Rome/Shabnam Bashir                                  +44 207 562 3350

Website
www.avation.net



Contact Information

  • Avation plc