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Last checked at 
22 May 2008 08:58
22 May 2008
Capital Lease Aviation Plc
("CLA" or "the Company")
US$4.63M AVIATION FINANCE FACILITY SECURED
The Board of CLA, the AIM quoted aircraft leasing company, announces that it has been successful in obtaining a further finance facility for US$4.63m. The salient terms of the finance facility, secured against one aircraft in the portfolio, are as follows:
The funds will be drawn down in June and are intended to be applied as a deposit for the acquisition of the Company's next aircraft; several of which are currently under consideration;
The facility is being provided by a subsidiary of a major UK commercial bank;
The facility has a 60 month expiry term with a fixed rate fully drawn facility which is at commercial interest rates of 6.37%; and with no convertible elements to the facility.
The borrower is a wholly owned Australian incorporated subsidiary named Capital Lease Australian Portfolio One Pty. Ltd. which is a special purpose vehicle to own and maintain certain of the leases of aircraft.
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Enquiries:
CAPITAL LEASE AVIATION PLC
Jeff Chatfield, Chairman 07783 942 553
STOCKBROKERS
WH Ireland Limited 020 7220 1670
MEDIA
Maxine Barnes, Nick Rome
Bishopsgate Communications 020 7562 3350
NOMINATED ADVISER
James Joyce, David Porter
WH Ireland Limited 020 7220 1666
Website http://www.capitalleaseaviation.com/
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