Acquisition Of Aircraft

Capital Lease Aviation PLC
03 March 2008



                                                                 3 March 2008

                         Capital Lease Aviation PLC
                          ('CLA' or 'the Company')

                           ACQUISITION OF AIRCRAFT



The Board of CLA, the AIM quoted aircraft leasing company, advises that it has
completed the purchase of a jet aircraft from a European Airline.



SALIENT DETAILS



•         CLA has paid approximately US$6.6m for the Fokker 100 aircraft;



•         The Company paid the purchase price from its existing cash reserves;



•         The intentions of the Company are to lease this plane to Skywest
Airlines Pty Ltd ('Skywest') in order to support a capacity increase as is
required by Skywest;



•         The aircraft has been inspected by the fleet management of Skywest and
found to be satisfactory. With delivery having taken place, the aircraft has
been entered onto the Australian aircraft register on Skywest Air Operators
Certificate;



•         The aircraft was purchased from a renowned German operator with an
excellent technical history. The CLA technical representative who inspected the
aircraft advises that this aircraft will be 'the best aircraft in the fleet in
terms of overall condition, records and appearance.'



Further details of the lease arrangement will be announced as and when it is
signed by Skywest.



CLA, which currently owns two Fokker F100 passenger jet aircraft - both of which
are under lease to Skywest, will adopt a flexible approach to the type of
aircraft it purchases moving forward. This will be driven principally by the
requirements of its customers as it expands the fleet of aircraft that it owns
and leases.




                                   ---ENDS---

Enquiries:

CAPITAL LEASE AVIATION PLC
Jeff Chatfield, Executive Chairman                          07783 942 553

STOCKBROKERS
WH Ireland Limited                                          020 7220 1670

MEDIA
Maxine Barnes, Nick Rome & Nick Farmer
Bishopsgate Communications                                  020 7562 3350

NOMINATED ADVISER
James Joyce, David Porter
WH Ireland Limited                                          020 7220 1666






Notes to Editors



About CLA



CLA was incorporated by Avation on 6 June 2007 with the purpose of owning and
leasing a portfolio of commercial jet aircraft to a wider customer base of
regional and international airlines.

The Directors have identified a trend in the commercial aviation sector towards
'leasing-in' capacity whereby airlines lease part of their fleet rather than
purchasing aircraft, and the Directors intend that CLA will exploit this trend
in the future.





About Skywest



Skywest is a major regional airline in Western Australia, providing scheduled
services to destinations covering Albany, Argyle, Bali, Broome, Carnarvon,
Darwin, Esperance, Exmouth, Geraldton, Kalbarri, Kalgoorlie, Karatha, Kununurra,
Monkey Mia, Newman, Melbourne, Perth and Port Hedland.  The airline operates a
weekly service linking Port Hedland and Broome to Bali in Indonesia.  Skywest
operates a fleet of 12 aircraft, comprising Fokker F50 and Fokker F100 jet
aircraft.



Skywest Airlines Ltd has its share capital is admitted to trading on AIM (code
SKYW).




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