Transaction in Own Shares

9 January 2008 AVATION PLC ('AVATION' OR THE 'COMPANY') FURTHER SHARE BUYBACK FOR CANCELLATION The Board of Avation, a commercial jet aircraft leasing provider, advises that it has purchased 19,197 Ordinary Shares on market through PLUS Markets at 79 pence per share for cancellation. The authority to buy-back shares was given to the directors at the AGM held on the 4th of December 2007. As a consequence the number of shares in issue will decrease to 24,280,000 after the shares purchased have been cancelled. Director's shareholdings remain unchanged, being 16.9% of the Company's issued share capital. The directors take responsibility for the contents of this announcement. ---ENDS--- Enquiries: Avation PLC 07783 942553 R. J. (Jeff) Chatfield, Chairman Advisor 0207 628 1128 Jonathan Willis-Richards, Loeb Aron & Company Ltd. Media 0207 562 3350 Maxine Barnes, Nick Rome Bishopsgate Communications Website: www.avation.net Avation PLC

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Avation (AVAP)
UK 100

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