Avation plc

November 20, 2013 02:00 ET

Trading Update and Sale of Two New Aircraft

                                                                                                     20 November 2013

                                                       AVATION PLC
                                                     (the "Company")

                                       TRADING UPDATE AND SALE OF TWO NEW AIRCRAFT

Avation PLC, (LSE: AVAP)  the aircraft leasing company announces that the directors believe that Company revenues for 
the period ending December 2013 will be significantly ahead of the same period last year as a consequence of the sale 
of two aircraft and in respect to general trading conditions. The directors make no statement as to an overall profit 

Avation has entered into an agreement to sell two new ATR72 600 aircraft to a third party.  The right and opportunity 
to acquire these two aircraft are pursuant to the exercise of "in the money" purchase options over new,  soon  to  be 
delivered,  ATR72-600  aircraft.  Avation is the owner of a series of delivery options over new  aircraft,  which  at 
exercise  are  typically  either leased to commercial passenger airlines or otherwise  alternatively  sold  to  third 

In  this instance the two new aircraft are being sold at the prevailing market price.  Profits  from  this  sale  are 
typical of transactions of this nature.  Completion is due to occur in December 2013 in respect of the first aircraft 
and January 2014 in respect of the second. As a result of the sale and purchase agreement a newly incorporated wholly 
owned subsidiary of the Company,  AVAP Aircraft Trading Pte Ltd,  now holds non refundable cash deposits as  security
for the transactions.

After the exercise of these options and the sale of the two aircraft,  Avation PLC remains the owner of a  further 27 
options and purchase right positions,  in addition to its further existing seven firm ATR72-600 aircraft orders  that 
are scheduled for delivery in calendar year 2014.

Executive Chairman, Jeff Chatfield, said,  "The sale of these two aircraft is an expansion of our business scope.  We 
are having a satisfactory year.  In terms of human resources we are in the process of modestly expanding the size  of 
our marketing team. Our core business is that of leasing commercial passenger aircraft. This transaction confirms our 
ability to market aircraft, which we are willing to do in appropriate economic circumstances."


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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