General Announcement::Airbus A220-300 Delivery to airBaltic

Issuer & Securities

Issuer/ Manager: AVATION CAPITAL S.A.
Securities: AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
Stapled Security: No

Announcement Title: General Announcement
Date &Time of Broadcast: 23-Jul-2018 10:45:25
Status: New
Announcement Sub Title: Airbus A220-300 Delivery to airBaltic
Announcement Reference: SG180723OTHR8FZD
Submitted By (Co./ Ind. Name): Duncan Scott
Designation: Group General Counsel
Description (Please provide a detailed description of the event in the box below): Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has acquired and leased a second new Airbus A220 300 aircraft to airBaltic, the Latvian hybrid carrier. The 12-year lease commenced on 19 July 2018 and is at a market lease rate.

Avation's Executive Chairman, Jeff Chatfield said: "We have expanded our fleet with a second delivery to airBaltic and we are proud to be associated with this growing and popular airline. The Bombardier CS300 aircraft has been rebranded the Airbus A220-300 following completion of the acquisition of a majority stake in the C Series Aircraft Limited Partnership by Airbus. The A220-300 seats 130-160 passengers and has a range of up to 3,300 nautical miles. Avation is pleased to be involved with this programme as a Lessor and we are optimistic about the sales prospects for this new-technology, fuel efficient aircraft type."

Total size =254K