Acquisition Of Airbus A320

Capital Lease Aviation PLC
26 March 2008


                                                                   26 March 2008

                              Capital Lease Aviation PLC
                                        ('CLA')

                           ACQUISITION OF AIRBUS A320 AIRCRAFT


The Board of CLA, the AIM quoted aircraft leasing company, advises that it has
completed the purchase of an A320 jet aircraft from a US based Trust company
which is under lease to a major US domestic airline.



HIGHLIGHTS

•    CLA has paid US$12.15m for the aircraft;

•    CLA's representatives conducted a technical assessment of the aircraft
     and its engines and associated technical records which were reported to be
     entirely satisfactory;

•    The aircraft is leased until 2013 to a large domestic US carrier at
     current market lease rates with an option to renew at the then prevailing 
     market rates; and

•    CLA paid the purchase price from existing cash reserves and intends to     
     leverage the ownership of the asset when required to match the term of the
     lease.



The Executive Chairman, Mr Jeff Chatfield, said:

'This A320 acquisition is in line with CLA's strategy to diversify both its
asset and customer base.  The A320 type is highly sought-after by airlines
around the world and is in demand at the moment.  CLA remains focussed on
securing and leasing a diversified range of quality aircraft assets for the
benefit of its shareholders.'

                                   ---ENDS---

Enquiries:

CAPITAL LEASE AVIATION PLC
Jeff Chatfield, Executive Chairman                                 07783 942 553

STOCKBROKERS
WH Ireland Limited                                                 020 7220 1670

MEDIA
Maxine Barnes, Nick Rome & Nick Farmer
Bishopsgate Communications                                         020 7562 3350

NOMINATED ADVISER
James Joyce, David Porter
WH Ireland Limited                                                 020 7220 1666




Notes to Editors - About CLA

CLA was incorporated by Avation on 6 June 2007 with the purpose of owning and
leasing a portfolio of commercial jet aircraft to a wider customer base of
regional and international airlines.

The Directors have identified a trend in the commercial aviation sector towards
'leasing-in' capacity whereby airlines lease part of their fleet rather than
purchasing aircraft, and the Directors intend that CLA will exploit this trend
in the future.






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