General Announcement::TURBO PROP PORTFOLIO

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
27-Oct-2016 08:49:04
Status
New
Announcement Sub Title
TURBO PROP PORTFOLIO
Announcement Reference
SG161027OTHR7NXP
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
26/10/2016 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 advises that it has received an expression of interest for the purchase of its current portfolio of ATR turbo prop aircraft. The company will evaluate the expression of interest in due course and emphasises that discussions are at an early stage with no decision having been made. Accordingly, there is no certainty that any definitive agreement will be entered into and there is no certainty that any transaction will materialise from the current discussions.

The Company has 24 ATR72 aircraft with two currently under finance leases; the size of the portfolio the subject of the expression of interest is 22 aircraft. The portfolio comprises relatively new ATR72 aircraft with a remaining lease term of approximately 6.3 years and are leased to a number or airlines in Europe, Asia and Australia.

Attachments

avap_rns_Turbo Prop Portfolio_Oct16.pdf
Total size =69K