Transaction in Own Shares

AVATION PLC

("Avation" or "the Company")

TREASURY DEALING AND VOTING RIGHTS

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that the Company has sold, through the market, 4,200,000 ordinary shares held in treasury at a price of 138p to an institutional investor.

Following this sale there are no ordinary shares held in treasury. There are a total of 55,663,727 ordinary shares in the Company in issue. Shareholders may use this as the applicable total voting rights for the purpose of calculating percentage voting rights.

-ENDS-

More information on Avation can be seen at: www.avation.net

Enquiries:

Notes to Editors:

Avation PLC is a commercial passenger aircraft leasing company owning and managing a fleet of jet and turbo prop aircraft which it leases to airlines across the world. The Company's customers include Thomas Cook, Air France, Condor, Air Berlin, Virgin Australia, Fiji Airways and UNI Air.

Avation is the second largest lessor customer of ATR aircraft globally and the Company is one of a small number of aircraft lessors which have both a sales contract and option positions with ATR. ATR 72 aircraft command approximately 80% - 85% of the current world's 70-seat turboprop market sales.

www.avation.net