Asset Acquisitions and Disposals::TRADING OF MID LIFE AIRCRAFT

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
Asset Acquisitions and Disposals
Date &Time of Broadcast
14-Sep-2016 08:33:08
Status
New
Announcement Sub Title
TRADING OF MID LIFE AIRCRAFT
Announcement Reference
SG160914OTHRQX0L
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
13/09/2016 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 completion of the sale of the second of two 2003 built Airbus A321 aircraft which are leased to Thomas Cook Airlines. The aircraft were sold to a US based investor.

Sale of these aircraft is consistent with the Company's desire to focus on new aircraft. These two aircraft are mid-life aircraft being 13 years old. The net sales proceeds will be applied towards funding new aircraft deliveries. The sale of the first of these two aircraft was previously announced in the Company's preliminary results announcement on 8 September 2016.

Attachments

avap_rns_sale of TCs aug16_IC whi.pdf
Total size =65K