General Announcement::TRADING UPDATE

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
30-Jun-2016 17:54:05
Status
New
Announcement Sub Title
TRADING UPDATE
Announcement Reference
SG160630OTHRV3KZ
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
30/06/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
The core leasing business of the Company has been continuing in line with expectations. Management estimates that leasing revenue (unaudited) for the financial year to 30 June 2016 will be US$71 million, with an estimated margin of error of 0.25%. This increase represents growth in revenues of approximately 25% on the prior year.

The Company has sold or intends to sell a variety of its older aircraft in line with its policy of selling assets when market conditions are favorable.

The Company continues to take delivery of aircraft from its transactional order book, with the next delivery of a new Airbus A321 currently scheduled for end July 2016.

The Company's revenues are all in US dollars which is also its reporting currency and the currency in which dividends are declared.

Attachments

avap_rns_pre close trading update 30 june 16.pdf
Total size =5K