Avation plc

December 05, 2013 02:05 ET

Further Fleet Expansion

                                                                                                December 5, 2013
                                                   AVATION PLC
                                                 (the "Company")
                                             FURTHER FLEET EXPANSION

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is expanding its order book by up to
a  further  ten aircraft. Avation has already exercised five purchase Options with ATR to purchase an additional
five  ATR72-600  aircraft  for  delivery in 2015. The Company has now been granted  a  further  five  additional
Purchase Rights on 'option aircraft' without specific delivery dates.

It  is intended that these five aircraft will be delivered to new and existing leasing customers of the Company.
The  Company  is  seeing strong continued demand for this aircraft type, which was important  in  the  Company's
decision to exercise the purchase options.

Including this new order for aircraft, Avation today has fourteen firm ATR72-600 aircraft to be delivered before
the  end-2015, ten purchase options and seventeen Purchase Rights.  As at today's date, thirteen ATR72  aircraft
have already been delivered on lease.

Commenting  today, Jeff Chatfield, Chairman of Avation said; "This order for five additional ATR72-600  aircraft
and  the further acquisition of five additional purchase rights is an important part of our growth program. This
order  is a demonstration of our commitment to grow the Company's portfolio with the most modern, efficient  and
environmentally friendly aircraft available."


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


Avation PLC                                                                                                     
Jeff Chatfield, Executive Chairman                                                                 +65 973514151
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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