Marketwire: AVAP
December 13, 2013
AVATION PLC
(the "Company")
COMPLETION OF SALE OF AIRCRAFT
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has formally completed the sale of an
ATR72-600 aircraft being the first completion of the sale of two aircraft announced on 20 November 2013.
The aircraft was acquired pursuant to the exercise of an option. This aircraft is being sold new to a third party
immediately following delivery to the Company from the Manufacturer, Avions de Transport Régional (ATR) and will be
operated by a new airline in Myanmar.
This sale is consistent with the Company's desire to maximise the value of its aircraft delivery pipeline and a desire
to assess the merits of each and every lease and disposal opportunity on a case by case basis.
-ENDS-
More information on Avation PLC can be seen at: www.avation.net
Enquiries:
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
Avation plc