AIR.L Regulatory News (AIR)

26 June 2019

LEI: 213800JLR6YIRMSCUS98

Air Partner plc

('Air Partner' or the 'Company')

AGM STATEMENT

Air Partner plc, the global aviation services group, holds its Annual General Meeting today. At the meeting, Ed Warner, Chair, will make the following statement: 

"While the operating environment remains challenging, impacted by increasing protectionism, Brexit and headwinds across the global aviation industry, the Board remains confident that Air Partner will achieve current market expectations. However, profits are likely to be more weighted to the second half than in previous years, owing to the timing of major contracts. The global charter business has consistently been, and will continue to be, a volatile industry. Against this backdrop, we manage the business for the long term, with a very clear strategy of alignment to the needs of our global customer base.

The continued hard work of our people worldwide has provided a platform for ongoing sustainable growth. As a result, we remain focused on the organic and investment opportunities for both our Consulting & Training and Charter divisions. We continue to believe in our long-term growth plans and we are confident in our ability to fulfil them."

About Air Partner:

Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions‎: Charter division, comprising air charter broking and remarketing; and the Consulting & Training division. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Charter) and Consulting & Training (Baines Simmons, Clockwork Research and SafeSkys). Commercial Jets charters large airliners to move groups of any size. Air Partner Remarketing, which is within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in aviation safety consulting specialising in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. SafeSkys is a leading Environmental and Air Traffic Control services provider to UK and International airports. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round. Air Partner is listed on the London Stock Exchange (AIR) and is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com