General Announcement::FIFTH NEW FLYBE ATR 72 AIRCRAFT DELIVERED

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-Apr-2016 16:34:09
Status
New
Announcement Sub Title
FIFTH NEW FLYBE ATR 72 AIRCRAFT DELIVERED
Announcement Reference
SG160427OTHR36IN
Submitted By (Co./ Ind. Name)
Avation PLC / Duncan Scott
Designation
General Counsel
Effective Date and Time of the event
27/04/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC (LSE: AVAP), the commercial passenger aircraft lessor, announces the completion of delivery of the fifth new ATR 72-600 aircraft to Flybe Group PLC ("Flybe"), the UK's leading regional airline.

The aircraft is new and will be operated by Flybe on behalf of Scandinavian Airlines ("SAS") under a wet lease operational contract arrangement termed the "White Label" project and will operate in Scandinavia in the livery of SAS. The lease duration is six years with an extension option. The purchase of the aircraft was supported by an existing banker to the Company.

Attachments

avap_rns_fifth_flybe_apr16.pdf
Total size =5K