Sector comparator doing well31 Jul 2015 15:24
Good, solid trading statement this morning from Air Partner hopefully has a positive read-across for GMAA.
Cantor reiterate their Buy and 400p target for GMAA:
Http://www.*****************/broker-upgrades-and-downgrades-key-uk-corporate-snapshots-24-july-2015/
Mention of GMAA in this encouraging report on business aviation:
Http://www.aspireaviation.com/2015/07/30/the-rise-of-business-aviation/
"The rise of business aviation
30 Jul
by Robert Poon
The business aviation industry continues its progress towards a recovery from the steep industry downturn suffered during the 2009 global economic crisis. Whilst it may be clear that the industry has yet to return to the giddy high it enjoyed in the days of exuberance before the Lehman Brothers saga, 2015 is shaping up to be one of the most encouraging years since the severe economic downturn....
.....The Asia/Pacific region is widely regarded as one of the fastest-growing markets for business jet services today. According to research by Gama Aviation, during the four-year period from 2010-2014, 714 new business jets were delivered to the region. This compares to the period immediately preceding, from 2005-2009, with only 501 aircraft deliveries. This was a jump of more than 42%. Lately however, sales in China, which to a degree had offset the downturn in the North America market, had been affected to a degree by the government mandate for officials and business tycoons to be ‘less ostentatious’.
For now, the upward trend is pronounced and secure. Market forecasts by Bombardier, Honeywell and others project steady growth through this decade and beyond. Continued wealth creation in major emerging markets, coupled with aviation development is expected to keep business aircraft demand buoyant. Whether the future turns out to be quite as rosy as these predictions, only time would tell."