3rd Mar 2008 07:00
Capital Lease Aviation PLC03 March 2008 3 March 2008 Capital Lease Aviation PLC ("CLA" or "the Company") ACQUISITION OF AIRCRAFT The Board of CLA, the AIM quoted aircraft leasing company, advises that it hascompleted the purchase of a jet aircraft from a European Airline. SALIENT DETAILS • CLA has paid approximately US$6.6m for the Fokker 100 aircraft; • The Company paid the purchase price from its existing cash reserves; • The intentions of the Company are to lease this plane to SkywestAirlines Pty Ltd ("Skywest") in order to support a capacity increase as isrequired by Skywest; • The aircraft has been inspected by the fleet management of Skywest andfound to be satisfactory. With delivery having taken place, the aircraft hasbeen entered onto the Australian aircraft register on Skywest Air OperatorsCertificate; • The aircraft was purchased from a renowned German operator with anexcellent technical history. The CLA technical representative who inspected theaircraft advises that this aircraft will be 'the best aircraft in the fleet interms of overall condition, records and appearance.' Further details of the lease arrangement will be announced as and when it issigned by Skywest. CLA, which currently owns two Fokker F100 passenger jet aircraft - both of whichare under lease to Skywest, will adopt a flexible approach to the type ofaircraft it purchases moving forward. This will be driven principally by therequirements of its customers as it expands the fleet of aircraft that it ownsand leases. ---ENDS--- Enquiries: CAPITAL LEASE AVIATION PLCJeff Chatfield, Executive Chairman 07783 942 553 STOCKBROKERSWH Ireland Limited 020 7220 1670 MEDIAMaxine Barnes, Nick Rome & Nick FarmerBishopsgate Communications 020 7562 3350 NOMINATED ADVISERJames Joyce, David PorterWH Ireland Limited 020 7220 1666 Notes to Editors About CLA CLA was incorporated by Avation on 6 June 2007 with the purpose of owning andleasing a portfolio of commercial jet aircraft to a wider customer base ofregional 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 thanpurchasing aircraft, and the Directors intend that CLA will exploit this trendin the future. About Skywest Skywest is a major regional airline in Western Australia, providing scheduledservices to destinations covering Albany, Argyle, Bali, Broome, Carnarvon,Darwin, Esperance, Exmouth, Geraldton, Kalbarri, Kalgoorlie, Karatha, Kununurra,Monkey Mia, Newman, Melbourne, Perth and Port Hedland. The airline operates aweekly service linking Port Hedland and Broome to Bali in Indonesia. Skywestoperates a fleet of 12 aircraft, comprising Fokker F50 and Fokker F100 jetaircraft. Skywest Airlines Ltd has its share capital is admitted to trading on AIM (codeSKYW). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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