Acquistion of One Airbus A320-200 Aircraft

RNS: AVAP 10 December 2013 AVATION PLC ("Avation" or the "Company") ACQUISTION OF ONE AIRBUS A320-200 AIRCRAFT Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, today announces that it has exercised a purchase option to acquire one Airbus A320-200 (the "Aircraft") which it had previously leased from another aircraft leasing company. In turn Avation will continue to lease the Aircraft to a major regional airline. The purchase of the Aircraft was part financed by a new senior loan on commercial terms typical of such transactions advanced by a new banker to the Company. Commenting today, Jeff Chatfield, Executive Chairman of Avation said: "The buyout of this aircraft is in line with the Company's strategy of purchasing newer aircraft and is evidence of the Company's ability to attract commercial finance from a wider universe of bankers in pursuit of that strategy". -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