New Airline Customer

RNS: AVAP
                                                                                                      26 July 13

                                                   AVATION PLC
                                                 (the "Company")

                                              NEW AIRLINE CUSTOMER

Avation PLC, (LSE: AVAP) the aircraft leasing company, which purchases commercial passenger aircraft and  leases
them to airlines, today announces that it has secured a new airline customer.

Avation  PLC  has entered into a Letter of Intent with Fiji Airways for the lease of one new ATR  72-600  to  be
delivered in April 2014.  The operating lease will be for a twelve year term and is at typical commercial  lease
rates.  The operator of the aircraft will be Fiji Airways' regional subsidiary Pacific Sun. The operating  lease
is  subject  to final contract between the parties. The aircraft is being delivered pursuant to the exercise  of
one of the aircraft options for 2014 delivery positions owned by the Company.

Avation  PLC's  Executive  Chairman,  Jeff  Chatfield said "We are  excited  to  welcome  Fiji  Airways  to  our
increasingly  diversified  airline customer pool. This new airline is an important  expansion  of  our  customer
base."

For reference the full text of the Pacific Sun media release is quoted below in this announcement.

                                                     -ENDS-

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

Enquiries:

Avation PLC                                                                                                     
Jeff Chatfield, Chairman                                                                        [phone]

W H Ireland                                                                                                     
Harry Ansell / James Joyce                                                                      [phone]

Liberum Capital Limited                                                                                         
Chris Bowman / Richard Bootle                                                                   [phone]

Blythe Weigh Communications                                                                                     
Tim Blythe / Eleanor Parry                                                                      [phone]

The full text of the Pacific Sun Media release:

"

                                 PACIFIC SUN TO ADD NEW ATR 72-600 TO ITS FLEET
                         New acquisition to boost domestic and regional travel and trade

Pacific Sun, Fiji Airways' regional subsidiary has today announced that it will lease an ATR 72-600 aircraft, to
add  to  its  fleet of two ATR 42 and three DHC Havilland Twin Otter aircraft. Pacific Sun has signed  a  formal
Letter of Intent (LOI) for this leased aircraft with Singapore-based aircraft leasing company Avation PLC.

Pending the signing of the formal contact, the brand new ATR 72-600 is expected to arrive in Fiji in April 2014.
The  aircraft  would be acquired as an operating lease for 12 years, and funded by the company's  own  finances,
without  the  need  for  external financing. Pacific Sun intends to use the new aircraft  on  its  domestic  and
regional (Pacific Islands) routes, which it operates on behalf of Fiji Airways.

Nalin  Patel,  Pacific Sun's Chairman said the intent to acquire an additional, larger aircraft stems  from  the
airline's confidence in the growth of domestic and regional travel.

"Pacific Sun provides an invaluable link between Fiji's main and outer islands, as well as between Fiji and  its
Pacific  neighbours, Mr. Patel said. "With the growth in domestic and regional traffic experienced in  the  past
years,  and a restructure of Pacific Sun's operations under the leadership of General Manager Shaenaz  Voss  now
complete, the time is now right for the airline to expand its fleet. This will provide a boost to travel between
Fiji's  larger  domestic ports (Nadi, Suva and Labasa), as well as encourage further travel  and  trade  between
Fiji, Tuvalu, Kiribati, Vanuatu, Samoa and Tonga."

Voss  says the decision to acquire the larger ATR 72-600 aircraft, which can carry 68 passengers was done  after
careful and independent assessment of Pacific Sun's route network and the traffic it carried year round.

"What this acquisition will allow us to do is match demand with the right capacity. Due to its size, our new ATR
will  operate  between  Fiji's  larger ports - Nadi, Suva and Labasa, and from  Fiji  to  other  Pacific  island
destinations,  so naturally we will increase frequency of flights between to our Regional Ports. While  we  look
forward  to  announcing  what our schedules will look like, we can safely say that the  increased  capacity  and
frequency will allow us to offer more convenient services with even better connectivity opportunities with  Fiji
Airways' international schedules."

Pacific Sun's ATR pilots will undergo a 'difference' course and will be certified to operate both ATR 42 and ATR
72 aircraft types when the new aircraft joins the fleet.

"While  we  have the required number of pilots to operate the new ATR 72 once it's inducted into the  fleet,  we
will also promote from within our existing national pilot complement".

Aubrey  Swift, Fiji Airways Acting CEO says the new aircraft acquisition is the start of further investment  the
parent company will make in Pacific Sun.

"Now  that  Fiji Airways has been launched and all continues to go well for the national carrier, the Board  and
Fiji  Airways'  Management  now  turn  the  focus to our regional  subsidiary.  As  part  of  the  Fiji  Airways
revitalisation and turnaround, Pacific Sun has already undergone operational restructuring. The  work  going  on
now  is fleet and network optimisation to ensure that the Pacific Sun adds valuable capacity to the domestic and
regional markets."

                                                       ###

Note to Editors: Details and background on Avation PLC can be found here: http://avation.net/about.html

ISSUED, July 26, 2013 -

Fiji Airways Executive Office
For press queries please contact:
Shane Hussein
Manager Public Relations and Communications
Fiji Airways | Nadi, Fiji
Ph: [phone] | [e-mail]

Avation plc