RNS: AVAP
24 October 2013
AVATION PLC
(the "Company")
FIJI AIRWAYS AIRCRAFT LEASE SIGNED
Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and leases
them to airlines, today announces that it has executed the operating lease documentation with Fiji Airways for
one new ATR 72-600 aircraft to be delivered in April 2014.
The operating lease will be for a twelve year term and is at typical commercial lease rates. The operator of the
aircraft will be Fiji Airways' regional subsidiary, Pacific Sun. Delivery is anticipated to occur in the month
of April 2014.
Jeff Chatfield, Avation Executive Chairman, said: "We are pleased to diversify our portfolio to the Pacific and
enter into our first 12 year term aircraft operating lease."
Stefan Pichler, Fiji Airways Managing Director and CEO, said: "The additional new ATR will help to cement the
market leader position of Pacific Sun in the South Pacific."
-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