Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, advises that it has priced and issued a US$10,000,000 tranche of its 7.5% senior notes due 2020 at a premium with a price of 100.83%. The notes issue is a tap of and to be consolidated into and form a single series with the existing US$140,000,000 senior notes due 2020 (the "Notes"). The issuance was made under Avation's Global Medium Term Notes Programme.

Full details of the pricing of the issue are included below in this announcement.