Avation: Launches US Dollar Denominated Bond Offering

· Avation PLC's wholly owned subsidiary, Avation Group (S) Pte. Ltd., to issue fixed rate senior notes due 2022
· Avation PLC is rated B+/Stable by S&P Global Ratings and B+/Stable by Fitch Ratings
· The bonds are expected to be rated B by S&P Global Ratings and B+ by Fitch Ratings

SINGAPORE, 7 November 2017 - Avation PLC ("Avation" and together with its subsidiaries, the "Group"), is pleased to announce that its subsidiary, Avation Group (S) Pte. Ltd. is proposing to issue U.S. Dollar-denominated fixed rate senior notes due 2022 ("New Bond Offering").

J.P.Morgan (S.E.A.) Limited and R.W Pressprich & Co. have been mandated as Joint Lead Managers with J.P.Morgan (S.E.A.) Limited being the Sole Bookrunner. Avation PLC is rated B+/Stable by S&P Global Ratings and B+/Stable by Fitch Ratings. The notes are expected to be rated B by S&P Global Ratings and B+ by Fitch Ratings.

The proceeds from the New Bond Offering will be used for the purchase of aircraft and to refinance secured debt.