Share Buyback

(LSE: AVAP)

10 January 2013

                                                AVATION PLC
                                              (the "Company")

                                               SHARE BUYBACK

Avation PLC  (LSE: AVAP)  the  commercial passenger aircraft leasing company announces  that it  purchased
150,000  ordinary  shares  in  the Company on  9 January 2013 at a price of 88 pence  per  ordinary  share
representing  approximately  0.34  percent of the  Company's current issued ordinary share capital.  These
150,000  ordinary  shares are to be held in treasury.  The purchase was conducted in accordance  with  the
authority given by shareholders at the AGM conducted on the 4th of December 2012.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number
of  ordinary  shares in issue  as  at the date of  this  notice  (including  shares  held in treasury)  is
44,374,463.

The figure of 44,374,463 may be used by shareholders as the denominator for the calculations by which they
can  determine  if  they are required to notify their interest in,  or a change to their interest  in  the
Company, under the Disclosure and Transparency Rules.

Enquiries:

Avation PLC
Jeff Chatfield, Chairman        [phone]

Cadogan PR
Alex Walters                    [phone]
                                [phone]

Further information on  Avation PLC can be seen at: www.avation.net.  Avation PLC is registered in England
and Wales with an Operational Headquarters in Singapore.

Avation plc