AVATION COMPLETES SALE OF ATR 72

14th August 2015

AVATION PLC

("AVAP" or "the Company")

AVATION COMPLETES SALE OF ATR 72

Avation PLC (LSE: AVAP), the commercial aircraft leasing company, has today completed the sale of a previously announced disposal of an ATR 72-600 aircraft.

This transaction completes the conditional sale of two aircraft which were announced on the 13th February 2015 and represents the completion of the sale of the second of the two aircraft, the first of which was announced as completed on the 18th April 2015. The sales price is consistent with current market values. The Company's portfolio of aircraft remains unchanged at 29 aircraft, all of which are on lease to commercial airlines.

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

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