AWAS Aviation Capital Limited (“AWAS”), announces that Diamond Head Aviation 2015 Limited (the “Issuer”), a newly established special purpose company, priced a total of US$260,750,000 of Fixed Rate Asset Backed Notes (the “Issue”). In connection with the Issue, the Issuer will also issue Class E Notes to Kahala Ireland Investments Designated Activity Company, an affiliate of Kahala. The proceeds from these issuances will be used by the Issuer to acquire a fleet of 30 aircraft (the “Aircraft”) from AWAS or certain of its affiliates. AWAS expects to use the net proceeds of the sale of the Aircraft to refinance existing debt and for general corporate purposes.

The Issue will comprise US$199,250,000 of 3.81% Class A Fixed Rate Asset Backed Notes and US$61,500,000 of 5.92% Class B Fixed Rate Asset Backed Notes (together, the “Notes”). The transaction is expected to close on or about July 30, 2015.

As of May 1, 2015, the Aircraft were leased to 16 lessees based in 14 countries. The Aircraft will comprise a mix of narrowbody and widebody jets with an average age of 16.41 years. AWAS (Ireland) Limited will act as servicer with respect to the Aircraft.