Holding in Company

10 February 2009
                                                     AVATION PLC
                                            ('AVATION' OR THE 'COMPANY')

                                      NOTIFICATION OF SUBSTANTIAL SHAREHOLDING

The Board of Avation Plc received notification on 9 February 2009 from Lehman Brothers International
(Europe)(in administration) that it  no longer has an interest of 3% or above in the shares of the Company. 

                      The directors take responsibility for the contents of this announcement.

                                                     ---ENDS---

ENQUIRES:

AVATION PLC                                                      07783 942 553
Jeff Chatfield, Chairman

ADVISOR                                                          020 7628 1128
Jonathan Willis-Richards
Loeb Aron & Company Ltd.

MEDIA                                                            020 7562 3350
Maxine Barnes
Bishopsgate Communications

WEBSITES                                                         www.avation.net

Avation plc