General Announcement::SECOND ATR 72-600 DELIVERY TO BRAATHENS

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
AVATIONCAP US$50M6.5%210515RT - USL56473AB41 - PHMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Jan-2020 15:16:55
Status
New
Announcement Sub Title
SECOND ATR 72-600 DELIVERY TO BRAATHENS
Announcement Reference
SG200116OTHRUO7W
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, is pleased to announce that it has delivered the second in a series of five new ATR 72-600 turboprop aircraft to Braathens Regional Airways AB. ("Braathens") from the manufacturer s facility in Toulouse, France.

As with the first delivery to Braathens, this second delivery was financed with a "Green Loan" provided by Deutsche Bank. Vigeo Eiris, one of the world s leading institutions for Environmental, Social and Governance ( ESG ) ratings, has expressed an opinion that the project of replacing aging regional jets with new ATR 72-600 aircraft is aligned with the Loan Market Association s Green Loan Principles guidelines 2018. In their opinion Vigeo Eiris stated "We express a reasonable assurance (our highest level of assurance) on the Borrower s commitments and on the Loan s contribution to sustainability."

Avation's Executive Chairman, Jeff Chatfield said: "Avation is pleased to complete this delivery of a second aircraft to Braathens. We are also pleased that this aircraft was again financed via our Green Loan initiative."


ENDS

Enquiries:
Avation PLC Jeff Chatfield, Executive Chairman +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world.
More information on Avation is available at www.avation.net.