Three Year Extension of Aircraft Leases

AVAP
                                                                                                 24 January 2014
                                                   AVATION PLC
                                                 (The "Company")

                                     THREE YEAR EXTENSION OF AIRCRAFT LEASES

Avation  PLC  (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it  has  agreed  to
extend the leases of its four Fokker F100 aircraft, all of which are on lease to a major Australian airline.

The  leases will be extended by 36 months in each case from the previously scheduled expiry dates of each lease,
which  were between January and August 2014. Rentals under the extended leases are on typical market  terms  for
transactions of this nature.

Commenting today, Jeff Chatfield, Executive Chairman of the Company said:
"I  am  pleased  to  announce the extension of these four aircraft leases with one of our long-standing  airline
partners.  The extension solidifies our customer relationship while providing a revenue stream for  the  Company
over the following three years."

                                                     -ENDS-

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

Enquiries:

Avation PLC                                                                                                     
Jeff Chatfield, Chairman                                                                        [phone]

W H Ireland                                                                                                     
Harry Ansell / James Joyce                                                                      [phone]

Liberum Capital Limited                                                                                         
Chris Bowman / Richard Bootle                                                                   [phone]

Blythe Weigh Communications                                                                                     
Tim Blythe / Eleanor Parry                                                                      [phone]

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