RNS: AVAP
10 December 2013
AVATION PLC
("Avation" or the "Company")
ACQUISTION OF ONE AIRBUS A320-200 AIRCRAFT
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces that it has
exercised a purchase option to acquire one Airbus A320-200 (the "Aircraft") which it had previously leased from
another aircraft leasing company. In turn Avation will continue to lease the Aircraft to a major regional
airline.
The purchase of the Aircraft was part financed by a new senior loan on commercial terms typical of such
transactions advanced by a new banker to the Company.
Commenting today, Jeff Chatfield, Executive Chairman of Avation said: "The buyout of this aircraft is in line
with the Company's strategy of purchasing newer aircraft and is evidence of the Company's ability to attract
commercial finance from a wider universe of bankers in pursuit of that strategy".
-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
Avation plc