Avation plc
LSE : AVAP

January 13, 2014 02:00 ET

Stand by Finance Facility

AVAP
                                                                                                     13 Jan 2014
                                                        
                                                   AVATION PLC
                                                 (the "Company")
                                                        
                                                        
                                            STAND BY FINANCE FACILITY

Avation  PLC  (LSE: AVAP), the commercial passenger aircraft leasing company, has entered into a  loan  facility
agreement with an Australian based institution.

Funds are on standby and, when applicable, the loan facility can be drawn to a maximum amount of US$9.5 million.
The  facility  is secured on the Company's fleet of five Fokker F100 aircraft. These Aircraft are currently  un-
encumbered  and  are  fully owned by the Company. The loan facility is on usual commercial terms  based  on  the
assets against which the loan is secured.

Commenting  today,  Jeff Chatfield, Chairman of Avation said: "This transaction provides  a  mechanism  for  the
release  of  equity  from existing aircraft by the Company in funding further growth with a view  to  lower  the
overall  cost  of  funds.  As  such this is an important part of our continued pursuit  of  an  optimal  capital
structure for the Company."

                                                     -ENDS-

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


Enquiries:

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

Contact Information

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