April 8, 2010
AVATION PLC
("AVATION" or "THE COMPANY")
ACQUISITION AND FINANCE OF AIRCRAFT
The Company is pleased to announce that it has completed acceptance for one Airbus A320-200
aircraft. The completion occurred pursuant to the Announcement made on the 8th of January 2010.
The aircraft has been successfully leased to Skywest Airlines Pty Ltd and is enroute from the UK
to Australia to enter service. The lease terms for the aircraft are USD $190,000 per month with an
initial term of 36 months.
The Company has paid all deposits and is enjoying a finance lease in respect to the aircraft with
vendor finance of USD 7.8m in respect of the remaining balance of USD $8.6m and anticipates paying
for the aircraft in full in the ordinary course of business.
Chairman Jeff Chatfield said "We are pleased to have the opportunity to obtain this aircraft on
attractive finance terms to us in strengthening the Company's balance sheet further and broadening
our fleet"
The Directors take responsibility for the contents of this announcement.
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ENQUIRES:
AVATION PLC 07783 942 553
Jeff Chatfield, Chairman
ADVISOR 020 7628 1128
Dr Frank Lucas, Loeb Aron & Company
MEDIA 020 7562 3350
Nick Rome, Will Tindall
Bishopsgate Communications
Avation plc