General Announcement::LEASE OF AIRCRAFT TO FLYBE AND ALL 2015 AIRCRAFT PLACED

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
29-Jun-2015 17:43:39
Status
New
Announcement Sub Title
LEASE OF AIRCRAFT TO FLYBE AND ALL 2015 AIRCRAFT PLACED
Announcement Reference
SG150629OTHRLARU
Submitted By (Co./ Ind. Name)
AVATION PLC / Mathina Maideen
Designation
Contracts Manager
Effective Date and Time of the event
29/06/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC ("the Company") has signed a lease to supply an additional new ATR 72-600 to Flybe PLC ("Flybe"), the UK based regional carrier. The aircraft which will be delivered towards the end of 2015 represents the fifth new ATR 72-600 aircraft placed with Flybe. All five aircraft will be operated by Flybe, on behalf of Scandinavian Airlines, under a white label arrangement for a period of six or more years.

This lease is at typical lease rates and is for a term of six years with an option for a further six years.

Following the lease of this aircraft, the Company has placed all of its committed 2015 new aircraft deliveries.

Attachments

AVAP_RNS_LeaseOfAircraftToFlybe_29Jun2015.pdf
Total size =184K