Avation completes sale of atr 72

14^th August 2015

AVATION PLC

("AVAP" or "the Company")

AVATION COMPLETES SALE OF ATR 72

Avation PLC (LSE: AVAP), the commercial aircraft leasing company, has today completed the sale of a previously announced disposal of an ATR 72-600 aircraft.

This transaction completes the conditional sale of two aircraft which were announced on the 13^th February 2015 and represents the completion of the sale of the second of the two aircraft, the first of which was announced as completed on the 18^th April 2015. The sales price is consistent with current market values. The Company's portfolio of aircraft remains unchanged at 29 aircraft, all of which are on lease to commercial airlines.

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More information on Avation PLC can be found at: www.avation.net

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