General Announcement::SALE OF A321 ON 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 Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Nov-2016 07:52:56
Status
New
Announcement Sub Title
SALE OF A321 ON DELIVERY
Announcement Reference
SG161107OTHR12OZ
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
01/11/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the successful delivery and sale of the fourth new Airbus A321-200 aircraft out of the Company's orderbook for six A321-200s with VietJet Air. This aircraft is a new delivery from the Airbus production facility in Hamburg, Germany.

The aircraft has been sold by the Company with the lease in place to a Chinese lessor. The Company's rationale for the sale is both favourable economics and the management of concentration risks.

Attachments

avap_rns_sale_of_a321_on_delivery_01Nov16.pdf
Total size =57K