General Announcement::ACQUISITION OF AIRBUS ON LEASE TO AIR BERLIN

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAPUS$100M7.5%N200527A - US05351QAA40 - 29YB
AVATIONCAPUS$100M7.5%N200527R - USL5647NAA20 - 29ZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Feb-2016 17:16:48
Status
New
Announcement Sub Title
ACQUISITION OF AIRBUS ON LEASE TO AIR BERLIN
Announcement Reference
SG160201OTHRLBLD
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
01/02/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that, further to the trading update given on 16 November 2015, completion has occurred of the acquisition of the Airbus A320 aircraft referred to in the update.

The aircraft is leased to Air Berlin, the second largest airline in Germany. The terms of the lease are typical for an aircraft of this type and the lease has a remaining term of more than five years. The Company obtained a senior debt facility of approximately US$25 million with one of its existing bankers to support the financing of the acquisition.

Attachments

avap_rns_completion of A320 air berlin jan16.pdf
Total size =96K