General Announcement::AVATION TO PURCHASE A320 ON LEASE TO AIR FRANCE

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
10-Aug-2015 18:34:49
Status
New
Announcement Sub Title
AVATION TO PURCHASE A320 ON LEASE TO AIR FRANCE
Announcement Reference
SG150810OTHRSI54
Submitted By (Co./ Ind. Name)
AVATION PLC / Mathina Maideen
Designation
Contracts Manager
Effective Date and Time of the event
11/08/2015 09:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC ("the Company") has signed an agreement with Dublin-based aircraft lessor, Avolon, to purchase an A320-200 aircraft ("the Aircraft"), which is operated by and is on lease to Air France.

The acquisition of the Aircraft is only subject to technical due diligence and execution of the lease novation by the Company, the airline and vendor. The purchase of the six years old aircraft is being conducted on typical commercial terms. The Company expects an economic closing of the acquisition during the current financial period.

Attachments

AVAP_RNS_AirFranceA320Purchase_07Aug2015.pdf
Total size =56K