For immediate release by RNS, AVAP:LSE
18 August 2011
AVATION PLC
(the "Company")
DELIVERY OF AN ADDITIONAL AIRCRAFT TO VIRGIN AUSTRALIA
The directors of the Company advise that the Company has completed the delivery of the second new ATR72-500
from the factory today. This aircraft and subsequent aircraft are being leased by the Company to Australian
carrier Skywest Airlines, who in turn operate the aircraft on behalf of Virgin Australia, pursuant to a 10-
year wet-lease. The operation of the aircraft constitute a part of the Australian Regional Airline Network
Agreement between Skywest Airlines and Virgin Australia, under which, the parties agreed that Skywest
Airlines will operate up to 18 new aircraft on behalf of Virgin Australia. This and subsequent aircraft
deliveries are part of those envisaged and described in the Prospectus published by the Company on the 25th
of March 2011.
Jeff Chatfield, Chairman, Avation commented:
"We are pleased to have taken delivery of the second Virgin Australia aircraft and look forward to
progressively rolling out the rest of the fleet. Additionally, we can advise that the first aircraft* has
today reached Brisbane, Australia."
*as announced on 12 August 2011
--ENDS--
Information on AVATION PLC can be found at www.avation.net
Avation PLC is registered in England and Wales with an Operational Headquarters in Singapore.
Contact information:
Avation PLC
Jeff Chatfield, Chairman +65 6252 2077
Financial Public Relations
Bishopsgate Communications
Laura Stevens/Giang Nguyen +44 20 7562 3350
Avation plc