General Announcement::ATR Cebu Commercial Financing

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
AVATIONCAP US$50M6.5%210515RT - USL56473AB41 - PHMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-May-2019 14:50:36
Status
New
Announcement Sub Title
ATR Cebu Commercial Financing
Announcement Reference
SG190529OTHRQHHE
Submitted By (Co./ Ind. Name)
Duncan Scott
Designation
Group General Counsel
Description (Please provide a detailed description of the event in the box below)
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announced on May 24, 2019 that it delivered a new ATR 72-600 turboprop aircraft to Cebu Air, Inc. ("Cebu Pacific") at the manufacturer's facility in Toulouse, France.

Credit Agricole Corporate and Investment Bank ("CA CIB") acted as Sole Arranger, Facility Agent and Security Trustee for the commercial financing of this aircraft.

Avation was advised by K & L Gates while CA CIB was advised by Clifford Chance.

Avation's Executive Chairman, Jeff Chatfield said: "We were pleased to enjoy commercial finance for our 46th aircraft."

CA CIB's Head of Asian Aviation Group, Laurent Delvart, said: "We are delighted by this additional cooperation between Avation and CA CIB."