Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has elected to pay all cash interest at 8.25 per cent per annum on its US$350 million Senior PIK Toggle Notes due 2026 issued under its Global Medium Term Note Programme. The all cash interest will be payable to holders of the notes on 15 May 2022 in accordance with the terms and conditions of the notes.