General Announcement::SALE OF ATR 72-500 AIRCRAFT

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Jun-2021 17:09:25
Status
New
Announcement Sub Title
SALE OF ATR 72-500 AIRCRAFT
Announcement Reference
SG210622OTHR60CO
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, is pleased to announce that it has sold a 2011 built ATR 72-500 aircraft with manufacturer serial number 978.

The aircraft was one of 11 ATR aircraft previously leased to Virgin Australia ( Virgin ) which were redelivered to the Company when Virgin entered administration. The sale of this aircraft leaves Avation with seven remaining aircraft previously leased to Virgin which will be transitioned or sold.

Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to conclude the sale of this ten-year-old aircraft to a North American airline. This sale further reduces the inventory of aircraft which were recovered from by Virgin Australia."

-ENDS-

Enquiries:

Avation PLC Jeff Chatfield, Executive Chairman +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

Notes to Editors:

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world.

More information on Avation is available at www.avation.net.