AVATION PLC
('AVATION' OR THE 'COMPANY')
ACQUISTION OF TWO AIRBUS A321-200 AIRCRAFT, PROVISION OF MEZZANINE FINANCE AND GRANTING OF A GUARANTEE
The Board of Avation advises that its 51.22% owned and AIM-listed subsidiary, Capital Lease Avation
PLC ("CLA") has purchased two Airbus A321-200 aircraft for a total of USD $70,750,000.
CLA has acquired the planes using its own funds together with banking facilities. This includes a
vendor finance facility, for which Avation has provided a guarantee in respect of USD $2,000,000 to an
aircraft vendor, and Avation has also provided USD $800,000 in mezzanine finance.
The purchase of these two aircraft brings the total number of aircraft owned by the Company and its
subsidiaries to 10. These are four Fokker F100's directly owned by Avation or its 100% owned
subsidiaries, and three Fokker F100's, an Airbus A320 and these two A321 aircraft owned by CLA.
The directors take responsibility for the contents of this announcement.
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ENQUIRES:
AVATION PLC 07783 942 553
Jeff Chatfield, Chairman
STOCKBROKERS
WH Ireland Ltd 020 7220 1670
Cornhill Asset Management Ltd 020 7743 6000
ADVISOR 020 7628 1128
Frank Lucas
Loeb Aron & Company Ltd.
MEDIA 020 7562 3350
Maxine Barnes, Nick Rome
Bishopsgate Communications
WEBSITES
www.avation.net
Avation plc