Sign In
9 Dec 2009 11:00
ο»Ώ
Air Partner PLC
("Air Partner" or "the Group")
AGMΒ and Interim Management Statement
Aubrey Adams, non-executive Chairman of Air Partner, the provider of private aviation services to industry, commerce, governments and private individuals worldwide, today made the following comments regarding the Group,Β its financial position, performance and prospects:
"Air Partner announced full year resultsΒ and updated the market on current trading just eight weeks ago. At the time we advised that firstΒ quarterΒ tradingΒ was characterised byΒ the global recession, slowerΒ demandΒ and weaker rivals discounting on price.Β Β Since then little has changed and theΒ second quarter, which isΒ typically theΒ Group's slowest sales period,Β is followingΒ aΒ similar pattern. Forward visibility remains low, in line withΒ the sector andΒ management's expectations during the current global downturn. The board continuesΒ to monitor the Group for opportunitiesΒ to furtherΒ efficienciesΒ andΒ optimise Air Partner's return to growth once the economic climate improves.
The company remains in a strong financial position with no debt and Β£16m of cash at 31stΒ October 2009."
9thΒ December 2009
ENQUIRIES:
Temple Bar Advisory Tel: 0207 002 1080
Tom Allison Tel: 0778 999 8020
Nicola Flynn
Notes to editors: please ensure "Air Partner" is written in its correct singular form, not in the plural.
Follow the stocks
