31 Jan 2011 07:00
AIR PARTNER PLC
("the Group" or "the Company")
Trading Update
Air Partner plc is pleased to provide a pre-close trading update to the market for the six month period to 31 January 2011.
The Group's interim management statement, issued in December 2010, noted the favourable response to the renewed focus on core broking activities. Today, the Board can report that the strategy is delivering good progress, with trading remaining positive in the first half of the year and Commercial Jet broking performing particularly well. As a result, the Board is of the view that the results for the six months to 31 January 2011 are likely to be ahead of expectations.
The Group is well positioned to increase profitability in this financial year though, as always, forward visibility in the air charter industry remains limited. The short term nature of the ad hoc aircraft charter market makes accurately predicting future levels of business challenging, especially with an uncertain global economy.
The Company will be in a close period until announcement of the half year results on 15 March 2011, when a full update will be provided.
31 January 2011
Enquiries
Air Partner Mark Briffa, CEO | 01293 844788 |
Temple Bar Advisory Tom Allison/Nicola Flynn | 0207 002 1080 0778 999 8020 |
About Air Partner
Air Partner is a world-class provider of aviation services to industry, commerce, governments and individuals worldwide. The company has earned global recognition as a leading aircraft charter broker and organises ad hoc charters of aircraft of every size for any reason. Its three main divisions, supported by a host of support teams, comprise Air Partner Private Jets, Air Partner Commercial Jets and Air Partner Freight. Air Partner Private Jets offers ad-hoc charter and the company's unique pre-paid JetCard scheme. The Commercial Jets division charters large airliners with 20 to 500 seats for groups of every size.
Air Partner Freight charters aircraft of every size to fly any cargo anywhere, at any time. With its headquarters in the UK, Air Partner has offices spanning Europe, Asia, the Middle East and North America and operates a 24/7 year-round Flight Support centre from its London Gatwick base. The Group was formed in 1961, is debt-free and is fully listed on the London Stock Exchange. Air Partner's expertise at providing unsurpassed private flying experiences at the best price is summed up by one fact: it is the only company in the aviation industry to hold a Royal Warrant, a globally recognised mark of excellence. The honour, as Supplier of Aircraft Charter to Her Majesty Queen Elizabeth II, was first granted in 2004.