Avation: First ATR 72 Aircraft delivery to Air India Regional

The Directors of Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announce that the Company has taken delivery of a new ATR 72-600 aircraft direct from the factory in France and that at delivery the aircraft was been leased to Airline Allied Services Limited, otherwise known as Air India Regional, the domestic airline arm of Air India, the national carrier of India.

This is the first aircraft that the Company has delivered to Air India Regional and is the airline’s first ATR 72-600. The Company has a second ATR 72-600 on order with Air India Regional for delivery anticipated in January 2015.

This aircraft is the Company’s twenty-first new ATR 72 aircraft to date.