AVAP
13 Jan 2014
AVATION PLC
(the "Company")
STAND BY FINANCE FACILITY
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has entered into a loan facility
agreement with an Australian based institution.
Funds are on standby and, when applicable, the loan facility can be drawn to a maximum amount of US$9.5 million.
The facility is secured on the Company's fleet of five Fokker F100 aircraft. These Aircraft are currently un-
encumbered and are fully owned by the Company. The loan facility is on usual commercial terms based on the
assets against which the loan is secured.
Commenting today, Jeff Chatfield, Chairman of Avation said: "This transaction provides a mechanism for the
release of equity from existing aircraft by the Company in funding further growth with a view to lower the
overall cost of funds. As such this is an important part of our continued pursuit of an optimal capital
structure for the Company."
-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