$16.3m Finance Secured and Delivery of Eleventh...

AVATION PLC

AVAP
4 March 2013

                                            AVATION PLC
                                   ("AVATION" or the "COMPANY")

                              FINANCE SECURED IN THE AMOUNT OF $16.3M
                               DELIVERY OF ELEVENTH ATR 72 AIRCRAFT

The  Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company  have
the  pleasure of announcing that the Company has today taken delivery of its eleventh new  ATR  72
aircraft, the first of a series of five new ATR 72 aircraft to be delivered in calendar 2013.

This latest aircraft will be leased to the Australian carrier Skywest Airlines, which will operate
the aircraft on behalf of Virgin Australia.

This  aircraft  is  the  fifth ATR 72-600 type aircraft to be delivered to date  to  the  Company.
Avation has now taken delivery of a total of nine ATR 72s directly from the manufacturer, and  two
additional  new  ATR 72s from another source, making a total in-service fleet  of  eleven  ATR  72
aircraft.

This  new aircraft was funded with Avation's own funds supplemented by additional commercial  debt
totaling  USD  16.3m  which  has been secured at competitive commercial  funding  margins  from  a
European commercial bank.

Commenting  today,  Jeff Chatfield, Chairman of Avation said: "We are very pleased  to  be  taking
delivery  of  this eleventh ATR 72 aircraft, the first of five new ATR 72s due to be delivered  in
2013.  This  addition  to  our fleet will contribute positively to the continuing  growth  of  the
Company's revenues and profits."

                                               ENDS

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.

Enquiries:

Avation PLC
Jeff Chatfield, Chairman
[phone]

Cadogan PR
Alex Walters
[phone]
[phone]

About Avation

Avation  was  formed in 2006 initially to support Skywest Airlines (Australia) Pty  Ltd.  and  was
admitted  to  the  Standard segment of the Official List of the London Stock Exchange  in  October
2010.  The  Company's  main activity is an operating lessor of commercial  passenger  aircraft  to
airlines  across Europe, the US and Australia. Early in 2011 the company entered into an agreement
with  Skywest Airlines to provide a fleet of up to eighteen new aircraft to operate along the East
Coast of Australia on behalf of Virgin Australia.

Avation plc