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https://twitter.com/surprised_trade/status/1278575809222127617
great results,£10m+profit in five month & Lord lee's up's his stake in them
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202007020700047796R/
https://www.investegate.co.uk/air-partner-plc--air-/rns/shareholder-update/202007020700037819R/
The business continued to perform significantly ahead of budget in June and the unaudited management accounts show an expected underlying profit before tax of at least £10.0m for the first five months
Early indications for July are showing an adjustment in our business mix to pre COVID-19 levels, with a recovery in both Private Jets and Safety & Security.
Group Charter had a strong month in June, carrying out repatriation work and corporate shuttles, with the latter particularly strong in Europe and the US as companies continue to prioritise the safety and wellbeing of their employees.
Given the impact of COVID-19, we had seen a significant decrease in Sports activity as numerous large sporting events scheduled for 2020, such as the Euros and Olympic Games, were postponed or cancelled. However, we are now seeing a pick-up in demand from this sector across Europe as sporting events have started to resume.
Private Jets has shown positive signs of recovery, especially in the US, and JetCard has delivered strong sales for the month of June
Our Freight division continues to see high demand for the transportation of emergency protective personal equipment (PPE) from Asia to the UK, Europe and US.
the Safety team delivered over 50 virtual courses during June, as clients adapt to new operating requirements and standards.
We have enjoyed a strong first five months of the financial year and we remain confident in our ability to successfully navigate the current economic climate
good working capital to invest in new opportunities arising from COVID-19 that will help drive organic growth.
At the end of June, the Group has normalised cash in the bank of £16.0m, excluding significant customer deposits and JetCard cash. The Group also has access to a total debt facility of £14.5m,
https://www.investegate.co.uk/air-partner-plc--air-/rns/shareholder-update/202007020700037819R/