Asset Acquisitions and Disposals::FIRST FLYBE AIRCRAFT DELIVERY

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 Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 21-Sep-2015 16:53:36
Status: New
Announcement Sub Title: FIRST FLYBE AIRCRAFT DELIVERY
Announcement Reference: SG150921OTHR5K8K
Submitted By (Co./ Ind. Name): AVATION PLC / DUNCAN SCOTT
Designation: GENERAL COUNSEL
Effective Date and Time of the event: 18/09/2015 18:00:00
Description (Please provide a detailed description of the event in the box below): Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company, has delivered into operation a new ATR72-600 aircraft to be operated by UK commercial airline Flybe.

The delivery is the first of a series of new ATR72-600 aircraft which will be progressively delivered new to Flybe during the course of 2015 and early 2016. This arrangement was initially announced on the 23rd of February 2015. The lease rate and terms are typical for leases of this type: the initial duration of the leases is six years with the client options for further term extensions.

Total size =513K