AVAP Avation Plc

TIDMAVAP

RNS Number : 5437L

Avation PLC

27 December 2018

AVATION PLC

("AVAP" or "the Company")

JET TRANSACTION COMPLETION

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company, announces that it has completed the sale of one two-year old Airbus A321 aircraft to an Asian buyer as announced on the 3(rd) of October 2018.

Jeff Chatfield, Executive Chairman, commented: "We sold this aircraft for risk management, credit rating and portfolio diversification reasons. The sale was conducted in line with market conditions, at a price around current market value ("CMV"), albeit that Avation's book value for the aircraft is materially lower than CMV."

-ENDS-

More information on Avation can be seen at: www.avation.net

Enquiries:

   Avation PLC - Jeff Chatfield Executive Chairman                                       +65 6252 2077 

Notes to Editors:

Avation PLC (AVAP: LSE) is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to international airlines across the globe.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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