Asset Acquisitions and Disposals::SALE OF FIVE FOKKER 100 AIRCRAFT

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
Asset Acquisitions and Disposals
Date &Time of Broadcast
22-Dec-2016 16:45:29
Status
New
Announcement Sub Title
SALE OF FIVE FOKKER 100 AIRCRAFT
Announcement Reference
SG161222OTHRIFL5
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
22/12/2016 20:00:00
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 it has sold five Fokker 100 aircraft.

The five aircraft were the last remaining Fokker aircraft in the Avation fleet. The sale to the buyer has been effected by way of finance leases with the purchase price payable by way of monthly instalments over a term of three years. The total consideration for the aircraft is approximately at book value. The five aircraft were originally manufactured in 1992-1994.


Attachments

avap_rns_f100 sale.pdf
Total size =229K