Acquisition and Finance of Aircraft

April 8, 2010 AVATION PLC ("AVATION" or "THE COMPANY") ACQUISITION AND FINANCE OF AIRCRAFT The Company is pleased to announce that it has completed acceptance for one Airbus A320-200 aircraft. The completion occurred pursuant to the Announcement made on the 8th of January 2010. The aircraft has been successfully leased to Skywest Airlines Pty Ltd and is enroute from the UK to Australia to enter service. The lease terms for the aircraft are USD $190,000 per month with an initial term of 36 months. The Company has paid all deposits and is enjoying a finance lease in respect to the aircraft with vendor finance of USD 7.8m in respect of the remaining balance of USD $8.6m and anticipates paying for the aircraft in full in the ordinary course of business. Chairman Jeff Chatfield said "We are pleased to have the opportunity to obtain this aircraft on attractive finance terms to us in strengthening the Company's balance sheet further and broadening our fleet" The Directors take responsibility for the contents of this announcement. ---ENDS--- ENQUIRES: AVATION PLC 07783 942 553 Jeff Chatfield, Chairman ADVISOR 020 7628 1128 Dr Frank Lucas, Loeb Aron & Company MEDIA 020 7562 3350 Nick Rome, Will Tindall Bishopsgate Communications Avation plc