General Announcement::NEW AIRBUS A321 AIRCRAFT TO VIETJET

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
31-May-2016 14:29:30
Status
New
Announcement Sub Title
NEW AIRBUS A321 AIRCRAFT TO VIETJET
Announcement Reference
SG160531OTHRAXVH
Submitted By (Co./ Ind. Name)
Avation PLC / Duncan Scott
Designation
General Counsel
Effective Date and Time of the event
31/05/2016 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 purchase and completion of the delivery of a factory new Airbus A321-200 aircraft (the "Airbus") to Vietjet, the leading domestic and international new-age carrier of Vietnam. This aircraft is an additional new aircraft delivery direct from the Airbus production facility in Hamburg, Germany.

The long term operating lease terms are typical for an aircraft of this type. The Company has secured an asset backed senior debt facility with an existing banker to support the purchase of this aircraft. The aircraft was delivered on schedule.

Attachments

avap_rns vietjet may16_final.pdf
Total size =5K