Transaction in Own Shares

April 4, 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 20,000 Ordinary Shares on the PLUS Market at 58 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 25,300,000 after the shares purchased have been cancelled. The Directors' holdings represent 16.20% per cent. of the 25,300,000 Ordinary shares now in issue. The directors take responsibility for the contents of this announcement. ---ENDS--- ENQUIRES: AVATION PLC 07783 942 553 Jeff Chatfield, Chairman STOCKBROKERS WH Ireland Ltd 020 7220 1670 Cornhill Asset Management Ltd 020 7743 6000 ADVISOR 020 7628 1128 Frank Lucas Loeb Aron & Company Ltd. MEDIA 020 7562 3350 Maxine Barnes, Nick Rome Bishopsgate Communications WEBSITES www.avation.net Avation plc

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Avation (AVAP)
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