Capital Lease Aviation PLC COMPLETION OF PART OUT OF MSN 52 (9217X)

TIDMCLA

RNS Number : 9217X

Capital Lease Aviation PLC

03 September 2015

RNS: CLA September 3, 2015

CAPITAL LEASE AVIATION PLC

("CLA" or "the Company")

COMPLETION OF PART OUT OF MSN 52

Capital Lease Aviation PLC (CLA: AIM), the commercial passenger aircraft leasing company, announces that it has successfully completed the disposal by way of part out of a 25 year old Airbus A320, which was at the end of its useful economic life.

The Company realised in excess of US $5.11m which has been added to the Company's cash reserves for future aircraft purchase opportunities. After a tax write back, the final book loss from the overall proceeds is US $1.2m.

-ENDS-

More information on Capital Lease Aviation can be seen at: http://cl-aviation.com/

Enquiries:

Capital Lease Aviation PLC - Jeff Chatfield Executive Chairman +65 6252 2077

WH Ireland - James Joyce / James Bavister +44 20 7397 8900

Blytheweigh - Tim Blythe / Wendy Haowei / Andrea Benton +44 20 7138 3204

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

September 03, 2015 02:00 ET (06:00 GMT)