Avation plc

February 16, 2009 03:37 ET

Transaction in Own Shares

                                                                                     February 16, 2008
                                              AVATION PLC
                                     ('AVATION' OR THE 'COMPANY')
                                FURTHER SHARE BUYBACK FOR CANCELLATION
The Board of Avation, a commercial jet aircraft leasing provider, advises that it has purchased 25,000
Ordinary Shares on the PLUS Market at 28 pence per share for cancellation.

The authority to buy-back shares was given to the Directors at the AGM held on the 5th of December

As a consequence the number of shares in issue will decrease to 25,555,510 after the shares purchased
have been cancelled.

The Directors' holdings represent 17.27% per cent. of the 25,555,510 Ordinary shares now in issue.
               The directors take responsibility for the contents of this announcement.



AVATION PLC                                                      07783 942 553
Jeff Chatfield, Chairman

WH Ireland Ltd                                                   020 7220 1670

Cornhill Asset Management Ltd                                    020 7743 6000

ADVISOR                                                          020 7628 1128
Frank Lucas/Jonathan Willis-Richards
Loeb Aron & Company Ltd.

MEDIA                                                            020 7562 3350
Maxine Barnes, Nick Rome
Bishopsgate Communications



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