The Company.

Capital Lease Aviation Public Limited Company (“CLA” or “the Company”) was incorporated by Avation PLC on 6 June 2007 with the purpose of owning and leasing a portfolio of commercial jet aircraft to a wide customer base of regional and international airlines.

The Company currently owns three Fokker F100 passenger jet aircraft, one Airbus A320-200 and two Airbus A321-200’s. The aircraft are leased to Australian, American and European airlines. The Directors have identified a trend in the commercial aviation sector towards "leasing-in" capacity whereby airlines lease part of their fleet rather than purchasing aircraft, and the Directors intend that CLA will exploit this trend in future.